Financial Reports Paid fundraisers must submit financial reports conforming to statutory requirements and rules promulgated by the Attorney General within 90 days after the completion of a fundraising campaign (or in the case of a fundraising campaign that will last more than a year, within 90 days after the commencement of the campaign). Paid fundraisers must maintain certain records required by the Attorney General for three years after the end of a fundraising campaign, which records may be inspected by the Attorney General whenever there is reason to believe that a paid fundraiser has violated these laws. A charitable organization is entitled to rescind any contract with a paid fundraiser and have all contributions in the possession of the paid fundraiser returned to contributors if the paid fundraiser does not comply with these laws. If a charitable organization applies for state funds through grant or contract, it must disclose (A) the actual percentage of gross receipts received from fundraising campaigns in the previous two years and (B) the minimum contracted percentage of gross receipts to be paid by a paid fundraiser to the charitable organization in any current or known future campaign. The statutes and promulgated rules for paid fundraisers are enforced by the Attorney General. Link to the applicable statutes at: http://www.leg.state.vt.us/statutes/sections.cfm?Title=09&Chapter=063. Link to the Attorney General’s website for the appropriate forms, reports and Consumer Fraud Rule 119 for paid fundraisers at: http://vermont.naag.org/issues/consumer-protection/charities.php. Pay-per-call Services Vermont law also prohibits charitable fundraising via pay-per-call services, except where the charitable organization for which the funds are being raised is identified in all advertisements and promotions for the service, callers are notified of their right to cancel any pledges made, and all applicable federal and state laws governing charitable organizations are followed. Pay-per-call services are defined as any passive, interactive, polling, conference or other similar audiotext service that is accessed through a telephone number and that generates an fee billed to a subscriber, not including a conference service the price of which is established through a tariff approved by a regulatory agency. Link to the applicable statute at: http://www.leg.state.vt.us/statutes/sections.cfm?Title=09&Chapter=067. Paid Fundraisers Vermont law requires any charitable organization forming a contract with a paid fundraiser (as in
Financial Reports Paid fundraisers must submit financial reports conforming to statutory requirements and rules promulgated by the Attorney General within 90 days after the completion of a fundraising campaign (or in the case of a fundraising campaign that will last more than a year, within 90 days after the commencement of the campaign). Paid fundraisers must maintain certain records required by the Attorney General for three years after the end of a fundraising campaign, which records may be inspected by the Attorney General whenever there is reason to believe that a paid fundraiser has violated these laws. A charitable organization is entitled to rescind any contract with a paid fundraiser and have all contributions in the possession of the paid fundraiser returned to contributors if the paid fundraiser does not comply with these laws. If a charitable organization applies for state funds through grant or contract, it must disclose (A) the actual percentage of gross receipts received from fundraising campaigns in the previous two years and (B) the minimum contracted percentage of gross receipts to be paid by a paid fundraiser to the charitable organization in any current or known future campaign. The statutes and promulgated rules for paid fundraisers are enforced by the Attorney General. Link to the applicable statutes at: http://www.leg.state.vt.us/statutes/sections.cfm?Title=09&Chapter=063. Link to the Attorney General’s website for the appropriate forms, reports and Consumer Fraud Rule 119 for paid fundraisers at: http://vermont.naag.org/issues/consumer-protection/charities.php. Pay-per-call Services Vermont law also prohibits charitable fundraising via pay-per-call services, except where the charitable organization for which the funds are being raised is identified in all advertisements and promotions for the service, callers are notified of their right to cancel any pledges made, and all applicable federal and state laws governing charitable organizations are followed. Pay-per-call services are defined as any passive, interactive, polling, conference or other similar audiotext service that is accessed through a telephone number and that generates an fee billed to a subscriber, not including a conference service the price of which is established through a tariff approved by a regulatory agency. Link to the applicable statute at: http://www.leg.state.vt.us/statutes/sections.cfm?Title=09&Chapter=067. Paid Fundraisers Vermont law requires any charitable organization forming a contract with a paid fundraiser (as in
Vermont-Charitable-Solicitation-Laws.docx