In this Report:

- Overview of Applicability

- Summary of the Act’s Governance Requirements

- Summary of the Act’s Financial Reporting Rules for Organizations Required to Register to Conduct Charitable Solicitations

- Highlights of the Act’s Update of the Not-for-Profit Corporation Law and Expansion of the Attorney General’s Enforcement Powers

- Excerpt from New York Non-Profit Revitalization Act of 2013 Reforms Governance Rules for Nonprofits:

Signed into law in the final days of last year, the New York Non-Profit Revitalization Act of 2013 is designed to reform the statutory requirements for governance of nonprofit organizations (both not-for-profit corporations and wholly charitable trusts), expand the Attorney General’s enforcement powers, and modernize and clarify some of the more mechanical and procedural New York rules applicable to not-for-profit corporations. Most provisions took effect on July 1, 2014.