The remaining assets of the Council, in the event of dissolution or final liquidation, shall be applied and distributed as follows: All liabilities and obligations of the Council shall be paid, satisfied, and discharged, or provision shall be made there for; any assets held on the condition they be returned, transferred, or conveyed upon dissolution shall be disposed of in accordance with such requirements; all remaining assets of every nature and description whatsoever shall be distributed to one or more corporations, funds, or foundations, qualified for exemption from tax as an exclusively charitable or educational corporation fund or foundation under Section 501(c)(3) of the Internal Revenue Code of 1954, as amended, or its successor provisions.