On December 11, 2012, the New York Attorney General’s Office proposed rules that would require nonprofit organizations doing business in New York to disclose their spending on a wide range of activities, including those unrelated to New York elections or candidates. The rules also would require groups that spend more than $10,000 to identify donors giving $100 or more.
Under the proposed rules, nonprofit, tax-exempt organizations registered — or required to be registered — under New York’s charitable registration law must include in their annual financial report the amount and percentage of total expenses spent on all “election related expenditures” during the reporting period. The term “election related expenditures” is defined so broadly that it would require organizations to track and report on spending nationwide, and could sweep up grassroots lobbying and other issue advocacy. In addition, a group making public communications in New York during the six months prior to a state or local election may have to publicly disclose all of its individual donors.
Please see full article below for more information.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.
Topics: Attorney Generals, Charitable Donations, Disclosure Requirements, Donor Lists, Election Related Expenditures, Exemptions, Lobbying, Political Contributions, Public Communications, Waivers
Administrative Law Updates, Communications & Media Law Updates, Election & Politics Law Updates, Finance & Banking Updates, Nonprofit Law Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
© Venable LLP | Attorney Advertising