In June of 2011, New York Attorney General Eric T. Schneiderman announced the formation of a Leadership Committee for Nonprofit Revitalization. The task force, composed of 29 leaders in the nonprofit sector from across the state, was charged with presenting a series of recommendations to reduce regulatory burden and costs on nonprofits while strengthening nonprofit accountability.
Today, Schneiderman is at a Business Breakfast Forum in New York and it is anticipated he will unveil the task force’s recommendations and endorse them publicly. A press release is expected to follow. The recommendations will:
- increase the accountability of the more than 100,000 nonprofits in New York through new board requirements.
- streamline state contract payments, reporting and registration rules.
- Give his office and the nonprofits themselves new tools to police fraud and abuse.
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