|Posted:||January 26, 2015 02:37 PM|
|From:||Representative Daniel J. Deasy|
|To:||All House members|
|Subject:||Amending the Solicitation of Funds for Charitable Purposes Act|
|I intend to introduce legislation to amend the Solicitation of Funds for Charitable Purposes Act. Under this act, which took effect in 1991 and hasn’t been amended since 2006, the Pennsylvania Bureau of Charitable Organizations requires an audit of financial statements from any charitable organization with annual receipts exceeding $300,000. While the cost of an audit and operating expenses have increased significantly since this Act went into effect, the threshold for an audit has remained unchanged. For these reasons, I believe the $300,000 revenue threshold needs to be adjusted. My legislation would raise the requirement for an audit from $300,000 to $400,000 for annual contributions.
This legislation would also require the Department of State to annually adjust the threshold for annual contribution amounts to reflect upward changes in the Consumer Price Index for All Urban Consumers for the Pennsylvania, New Jersey, Delaware & Maryland areas for the preceding 12 months. The department shall then submit the adjusted amounts to the Legislative Reference Bureau for publication notice in the PA Bulletin.
Please consider co-sponsoring this legislation that will allow smaller charitable organizations the ability to use their funds for their intended purpose and not an expensive audit.
Introduced as HB1237