Friday, August 19, 2011

NJ Will Not Pursue Disclosure Requirement

The NonProfit Times reported last month on a proposal by the state of New Jersey that would have required nonprofits to provide donors an opportunity to designate a specific program when they made their gifts.  After receiving a wave of negative comments from concerned nonprofits, the state no longer plans to pursue this proposal. 

In an article just posted on the NPT website, we learn that the comments garnered by the pre-proposal process made it clear to the state that nonprofits were not at all excited about the proposed rule.  They were able to successfully convince the state that the rule would have been very difficult to implement, and also proposed alternative ways to generate donor awareness about the right to designate. 

If you would like to read the full article, which includes a list of why nonprofits felt the proposed rule was unacceptable, head on over to The NonProfit Times.

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