The bill amends the Charitable Organizations and Solicitations Act by updating the registration and reporting requirements for certain charitable organizations. It specifies that these requirements do not apply to individuals or organizations that solicit contributions for specific individuals, provided that the funds are turned over to the named beneficiary after deducting reasonable solicitation expenses and that all fundraising is conducted by unpaid individuals. Additionally, organizations that do not intend to solicit more than $25,000 in a year, those that limit solicitation to their members, and various other specified entities, such as educational institutions and veterans' organizations, are also exempt from these requirements.
Furthermore, the bill introduces new provisions that clarify the definitions and conditions under which certain organizations operate. For instance, it includes a new category for nonprofit corporations primarily engaged in the collection and distribution of donated food items. The language also updates terms related to the solicitation activities of organizations, ensuring that all fundraising functions are carried out by unpaid individuals. Overall, the amendments aim to streamline the regulatory framework for charitable organizations while maintaining transparency and accountability in fundraising practices.
Statutes affected: House Introduced Bill: 400.283