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.
STATE OF NEW YORK
________________________________________________________________________
1397
2021-2022 Regular Sessions
IN SENATE
January 11, 2021
___________
Introduced by Sens. BROOKS, SALAZAR -- read twice and ordered printed,
and when printed to be committed to the Committee on Finance
AN ACT to amend the executive law, in relation to statements by chari-
ties
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 2 of section 174-b of the executive law, as
2 amended by chapter 373 of the laws of 2018, is amended to read as
3 follows:
4 2. Any solicitation used by or on behalf of any charitable organiza-
5 tion shall include:
6 (a) a clear description of the programs and activities for which it
7 has requested and has expended or will expend contributions or shall
8 include therein a statement that, upon request, a person may obtain from
9 the organization such a description; [and]
10 (b) a statement identifying the website and telephone number of the
11 New York state office of the attorney general where an individual can
12 receive information on charitable organizations; and
13 (c) a statement clearly stating what percentage of the charity's
14 proceeds are applied directly to such charity's stated mission.
15 [(c)] (d) If the solicitation is by an institution subject to article
16 five-A of the not-for-profit corporation law, and is for an endowment
17 fund, the solicitation must include a statement that, unless otherwise
18 restricted by the gift instrument pursuant to paragraph (b) of section
19 five hundred fifty-three of the not-for-profit corporation law, the
20 institution may expend so much of an endowment fund as it deems prudent
21 after considering the factors set forth in paragraph (a) of section five
22 hundred fifty-three of the not-for-profit corporation law.
23 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD03594-01-1
