California law requires all organizations that hold or solicit property for charitable purposes in California to register with the California Attorney General’s Registry of Charitable Trusts (“RCT”) and provide annual reports. But according to the Attorney General’s Office, there are 52,000 charities that are delinquent in their reporting and at least 130,000 charities operating in …
Posts Categorized: News
Help Google Select "Impact Challenge" Winners
Google recently announced the top 10 finalists for its Google Impact Challenge. Through the challenge, Google hopes to find the nonprofits with “the most innovative ideas for making the Bay Area stronger.” The Impact Challenge finalists were chosen by a panel of community advisors including the Honorable Aida Alvarez, a former Clinton Administration official, Norman …
Coats Bill Requires Warning Before Automatic Revocation
Nonprofit organizations that fail to file their annual information returns for three consecutive years, regardless of the size of the organization, automatically lose their exemption. According to Senator Dan Coats (R-Ind.), this has caused more than 550,000 nonprofits to lose their exemption over the past four years, many because they were unaware of the filing …
Online Giving Grows, But Remains Small Percentage of Overall Donations
Do you think most charitable giving is done online? While online giving increased by about 13% in 2013, according to a survey of 100 of the largest nonprofits conducted by The Chronicle of Philanthropy, it remains a very small portion of total donations. The Leukemia & Lymphoma Society reportedly received the largest sum of online …
New York Ramping Up For Nonprofit Revitalization Act
Last year New York State approved the Nonprofit Revitalization Act – a plan to reform and revitalize New York’s nonprofit sector. Passage of the Act overhauls the laws governing New York’s nonprofit sector for the first time in more than 40 years. The Act is expected to apply to at least 65,000 registered nonprofits in …
May is for Embezzlement Convictions
Yesterday was a good reminder for charities that any organization is susceptible to embezzlement. First, a man was sentenced to three years in prison after admitting he had defrauded charities by billing them for, but not delivering, prizes to be auctioned at fundraisers. The prizes included a walk-on role on Desperate Housewives and tickets to …