SC H4662

Raises the registration threshold for charitable organizations from $7,500 to $10,000 in gross revenue per fiscal year, and from $20,000 to $25,000 for organizations with IRS tax exemption status

Requires commercial co-venturers to register with the Secretary of State if they intend to solicit, collect, or receive more than $10,000 in charitable contributions during a solicitation campaign

Mandates that any entity soliciting charitable contributions must disclose the legal name and purpose of the charitable organization at the initial time of solicitation

Requires written contracts between charitable organizations and professional fundraising counsel, professional solicitors, or commercial co-venturers to be filed with the Secretary of State at least 10 days before solicitation activities begin

Prohibits commercial co-venturers from using their registration with the Secretary of State as an endorsement or approval by the State