Category: State Regulations
Shining a Light on Dark Money: Floodlight or Flashlight
Like many recent events involving politics and the law, it starts with the landmark and controversial Supreme Court decision in Citizens United v. FEC. After the Court opened the door to corporations, unions and others to make unlimited political contributions, the applications for … read more
New York Court Upholds Governor Cuomo’s Arbitrary Restrictions on Executive Compensation
In January 2012, Governor Cuomo issued Executive Order #38 (“EO #38”) (9 NYCRR 8.38) which limited compensation and administrative expenses at state-funded non-profit organizations. Undoubtedly, this was the Governor’s knee-jerk reaction to high profile revelations of what appeared to be large compensation … read more
Restricted Funds – Administrative Expenses are Sometimes Permissible
Many of my clients receive much of their funding in the form of restricted gifts designated for specific purposes or programs. I find that many of them unnecessarily pay for the administration of their restricted funds with general operating revenue – sometimes … read more
State Charity Regulators Offer Tips on Internet and Social Media Fundraising
The National Association of State Charity Officials (NASCO) recently posted tips on internet and social media fundraising to help charities and fundraising platforms understand their rights and obligations, and to help donors make informed giving decisions. The tips highlight four key concerns that … read more
Governor Cuomo Signs New York Non-Profit Revitalization Act of 2013
On Thursday, December 19, Governor Cuomo signed the New York Non-Profit Revitalization Act of 2013 which aims to reduce burdens on the nonprofit sector while strengthening governance and accountability. The provisions of the new law include: Audit filing requirements and audit oversight … read more
