Tuesday, February 11, 2014

New Nevada Charitable Solicitation Law Receives Praise

A new Nevada law is receiving a lot of praise for the transparency it provides potential donors. The law, Assembly Bill 60, went into effect on January 1 after the Nevada Legislature approved it last year. The new law is a charitable solicitation registration law that requires Nevada nonprofit corporations to register with the secretary of state before soliciting tax-deductible charitable contributions within Nevada.

 

In addition to the “exact name of the corporation registered with the Internal Revenue Service, the federal tax identification number…[and] the purpose” of the organization, the registry also includes the names and contact numbers of officers and the “name or names under which it intends to solicit charitable contributions.”

 

At least one fan of the law has said it provides transparency by giving potential donors the information they need to determine whether a nonprofit is a “legitimate nonprofit entity.”

 

Is this statement true? Do charitable solicitation registration laws like Nevada’s actually provide potential donors all the information they need to make this determination? What else might a potential donor need to know?

 

http://www.reviewjournal.com/business/business-press/law-quarterly-nonprofit-transparency-targeted

 

http://www.rgj.com/article/20140205/OPED04/302050058/New-law-helps-nonprofits-donors

 

dab  

 

http://lawprofessors.typepad.com/nonprofit/2014/02/new-nevada-charitable-solicitation-law-receives-praise.html

| Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef01a73d758368970d

Listed below are links to weblogs that reference New Nevada Charitable Solicitation Law Receives Praise:

Comments

I do these registrations for charities, and wrote an ebook for those who want to do the work themselves. I'm very skeptical that the laws protect donors. The bad charities I see are frauds, including, often, submitting fraudulent registrations. They're not caught via the registration process. The most recent--and stunning--example that comes to mind is US Navy Veterans Association.

Posted by: tony martignetti | Feb 16, 2014 6:03:38 AM

Post a comment