New measure could give state regulators more control over charities

State regulators seek greater conrol

For my nonprofit friends...

You can only access the full article through a subscription to the Chronicle of Philanthropy, but here is an eye-opening beginning paragraph and link to a draft of the measure he is talking about:

By Mark J. Fitzgibbons/ Chronicle of Philanthropy

State regulators are trying to persuade lawmakers to pass a dangerous new measure that would give them greater control over how a charity uses its money and other resources.

Regulators are pushing a new model law in the hopes that all states will adopt the same version of a new Oversight of Charitable Assets Act.  Below is a link to the draft.  It bears looking into for nonprofit boards and management staff.

http://www.law.upenn.edu/bll/archives/ulc/ocaa/2010feb5%20meeting%20draft.pdf

Respectfully,
DCR