For decades, the City of Chicago did not charge its nonprofits for water usage, implicitly recognizing their tremendous societal value through such exemption. That policy changed in 2011, after Mayor Emanuel pushed through a new plan calling for nonprofits to start paying for their water usage, at 60% this year, and 80% next year.
Many states’ charitable solicitation statutes require charities to include mandatory disclosure.
The good news is that the majority of states do not currently require these often verbose disclosure statements be included on a nonprofit’s solicitation materials. Further, other states merely require the charity to include the name and address of the organization, which presumably would occur anyway. And some states require disclosure statements only if a “professional solicitor” is used.
The breathtaking devastation in Oklahoma this week prompts a crucial question for the leadership of nonprofit organizations: What is your organization’s disaster recovery plan? In her article “Charity Inc.: Preparation Counts,” Marnie Taylor, President and CEO of the Oklahoma Center for Nonprofits, prophetically challenged nonprofits to seriously assess their risks less than three weeks before the powerful tornado leveled much of Moore, Oklahoma. In the aftermath of the calamity, we