(4)
Powers
To carry out the purposes of the Foundation, the Foundation shall have, in addition to powers otherwise authorized by this section, the usual powers of a not-for-profit corporation in the District of Columbia, including the power—
(A)
to accept, receive, solicit, hold, administer, and use any gift, devise, or bequest, absolutely or in trust, of real or personal property, or any income from, or other interest in, the property;
(B)
to acquire by donation, gift, devise, purchase, or exchange, and to dispose of, any real or personal property or interest in the property;
(C)
to sell, donate, lease, invest, reinvest, retain, or otherwise dispose of any property or income from property, unless limited by the instrument of transfer;
(D)
to borrow money and issue bonds, debentures, or other debt instruments;
(E)
to sue and be sued, and complain and defend itself in any court of competent jurisdiction, except that the members of the Board shall not be held personally liable, except in a case of gross negligence;
(F)
(i)
to enter into contracts or other agreements with public agencies, private organizations, and persons; and
(ii)
to make such payments as may be necessary to carry out the purposes of the contracts or agreements; and
(G)
to carry out any activity necessary and proper to advance the purposes of the Foundation.