Committee on Non-Profit Organizations

The Committee on Non-Profit Organizations addresses the legal problems of not-for-profit corporations and other nonprofit organizations, including corporate formation, federal and state tax issues, lobbying and political involvement, trustee duties and liability, charitable solicitations, and investments of financial assets.

Recent topics addressed by the Committee include reform of New York’s Not-for-Profit Corporation Law, issues surrounding the newly-adopted New York Prudent Management of Institutional Funds Act (NYPMIFA) including the need for all New York-formed nonprofits to adopt an investment policy, proposed rules by the SEC regarding registration of investment advisors that might have an adverse impact nonprofit directors and officers, the role of lawyers on nonprofit boards, program-related investments and alternative forms of quasi-nonprofit organizations, such as L3Cs and B Corporations.

Recent Reports

Letter to the Office of the NYS Attorney General commenting on the Attorney General’s Program Bill S.B.7431 (the “Non-Profit Revitalization Act”) (March 2013) ( PDF ) 
Subject area: Not-for-Profit Corporation Law

Report on Part Q of A.3008-B/S.2608-B which would enact into law major components of legislation necessary to implement the transportation, economic development and environmental conservation budget for 2013-2014 (March 2013) ( PDF ) 
Subject area: Nonprofits

Letter to the Charities Bureau of the Office of the Attorney General providing initial comments on the Attorney General’s Program Bill, S.B. 7431, The Non-Profit Revitalization Act which would simplify and modernize aspects of New York’s Not-for-Profit Corporation Law (September 2012) ( PDF )
Subject area: Non-profit Revitalization Act

For the full list of committee reports click here

Legislative Activity

For more information on the legislative and policy work of the committee, including relevant reports, bill texts and additional advocacy materials, click here.