Bill Text: NY S05155 | 2019-2020 | General Assembly | Introduced
Bill Title: 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.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2020-01-08 - REFERRED TO FINANCE [S05155 Detail]
Download: New_York-2019-S05155-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 5155 2019-2020 Regular Sessions IN SENATE April 11, 2019 ___________ Introduced by Sen. BROOKS -- 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. LBD11002-01-9