1. Short title This Act may be cited as the Increasing and Mobilizing Partnerships to Achieve Commercialization of Technologies for Energy Act or the IMPACT for Energy Act . 2. Definitions In this Act: (1) Department The term Department means the Department of Energy. (2) Foundation The term Foundation means the IMPACT for Energy Foundation established under section 3(a). (3) Secretary The term Secretary means the Secretary of Energy. 3. Establishment of IMPACT for Energy Foundation (a) Establishment (1) In general Not later than February 1, 2021, the Secretary shall establish a nonprofit corporation to be known as the IMPACT for Energy Foundation . (2) Limitation The Foundation shall not be an agency or instrumentality of the Federal Government. (3) Nonapplicability of FACA The Federal Advisory Committee Act (5 U.S.C. App.) shall not apply to the Foundation. (4) Nonprofit status The Foundation shall be an organization described in section 501(c) of the Internal Revenue Code of 1986 and exempt from taxation under section 501(a) of that Code. (5) Board of Directors (A) In general The Foundation shall operate under a board of directors. (B) Initial appointment The initial appointment of the board of directors shall be facilitated by the Secretary. (C) Composition To the maximum extent practicable, the board of directors shall include representatives from a diverse range of communities, including— (i) the academic community; (ii) the business community; (iii) nonprofit organizations; (iv) the communities surrounding the laboratories and facilities of the Department; and (v) the technology transfer and commercialization community. (D) Restriction on membership No employee of the Department shall be appointed as a member of the board of directors. (b) Purpose