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NY S01397

Bill

Official Source

Status

Introduced

1/11/2021

Primary Sponsor

John Brooks

Click for details

Origin

Senate

2021-2022 General Assembly

AI Summary

  • Amends Executive Law Section 174-b to require charitable solicitations include a statement showing what percentage of the charity's proceeds are applied directly to the charity's stated mission
  • Maintains existing requirements that solicitations include a clear description of programs and activities funded by contributions, or a statement that such description is available upon request
  • Maintains existing requirement that solicitations identify the website and telephone number of the New York State Office of the Attorney General where individuals can obtain information on charitable organizations
  • Preserves existing requirements for institutions subject to not-for-profit corporation law Article 5-A soliciting for endowment funds to include statements regarding prudent expenditure of endowment funds
  • Takes effect immediately upon enactment

Legislative Description

Provides that any solicitation on behalf of a charitable organization shall include a statement clearly stating what percentage of the charity's proceeds are applied to such charity's stated mission.

Last Action

COMMITTED TO RULES

6/3/2022

Committee Referrals

Rules6/3/2022
Finance1/5/2022
Rules6/10/2021
Finance1/11/2021

Full Bill Text

No bill text available