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Senate Bill S5155

2019-2020 Legislative Session

Relates to statements by charities

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Archive: Last Bill Status - In Senate Committee Finance Committee

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2019-S5155 (ACTIVE) - Details

See Assembly Version of this Bill:
A8828
Current Committee:
Senate Finance
Law Section:
Executive Law
Laws Affected:
Amd §174-b, Exec L
Versions Introduced in 2021-2022 Legislative Session:
S1397

2019-S5155 (ACTIVE) - Summary

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.

2019-S5155 (ACTIVE) - Sponsor Memo

2019-S5155 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5155
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                              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:

   Section 1. Subdivision 2 of section 174-b of  the  executive  law,  as
 amended  by  chapter  373  of  the  laws  of 2018, is amended to read as
 follows:
   2. Any solicitation used by or on behalf of any  charitable  organiza-
 tion shall include:
   (a)  a  clear  description of the programs and activities for which it
 has requested and has expended or will  expend  contributions  or  shall
 include therein a statement that, upon request, a person may obtain from
 the organization such a description; [and]
   (b)  a  statement  identifying the website and telephone number of the
 New York state office of the attorney general where  an  individual  can
 receive information on charitable organizations; AND
   (C)  A  STATEMENT  CLEARLY  STATING  WHAT  PERCENTAGE OF THE CHARITY'S
 PROCEEDS ARE APPLIED DIRECTLY TO SUCH CHARITY'S STATED MISSION.
   [(c)] (D) If the solicitation is by an institution subject to  article
 five-A  of  the  not-for-profit corporation law, and is for an endowment
 fund, the solicitation must include a statement that,  unless  otherwise
 restricted  by  the gift instrument pursuant to paragraph (b) of section
 five hundred fifty-three of  the  not-for-profit  corporation  law,  the
 institution  may expend so much of an endowment fund as it deems prudent
 after considering the factors set forth in paragraph (a) of section five
 hundred fifty-three of the not-for-profit corporation law.
   § 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

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