; and (B) an individual who has served as a supervisor in the Senior Corps. (2) Terms The initial terms of members first appointed shall be staggered to assure continuity of administration. Members appointed thereafter shall be appointed for a term of six years, unless a successor is chosen to fill a vacancy occurring prior to the expiration of the term for which his predecessor was chosen, in which event the successor shall be chosen only for the remainder of that term. (3) Chairman The Administrator shall be the Chairman of the Board of the Foundation. (4) Status Membership on the Board of the Foundation shall not be deemed to be an office within the meaning of the statutes of the United States. (5) Quorum A majority of the members of the Board of the Foundation serving at any one time shall constitute a quorum for the transaction of business, and the Foundation shall have an official seal, which shall be judicially noticed. (6) Meetings The Board of the Foundation shall meet at the call of the Chairman and there shall be at least one meeting each year. (7) Compensation No compensation shall be paid to the members of the Board of the Foundation for their services as members, but they shall be reimbursed for actual and necessary traveling and subsistence expenses incurred by them in the performance of their duties as such members out of National Service Foundation funds available to the Board of the Foundation for such purposes. (c) Authorization To accept and use gifts and bequests The Foundation is authorized to accept, receive, solicit, hold, administer, and use any gifts, devises, or bequests, either absolutely or in trust of real or personal property or any income therefrom or other interest therein for the benefit of or in connection with, the Administration, its activities, or its services. The Foundation may not accept any such gift, devise, or bequest which entails any expenditure other than from the resources of the Foundation. An interest in the real property includes, among other things, easements or