AG Schneiderman reveals reform program for nonprofit world
Thursday, February 16, 2012 - 02:23 PM
From WNYC's Ilya Marritz:
New York State Attorney General Eric Schneiderman warned the rules governing New York's nearly $200 billion a year nonprofit sector are outdated and overly burdensome, calling on Thursday for a a broad overhaul of the state's nonprofit laws, aimed at reducing paperwork and strengthening oversight.
"Millions of New Yorkers give their money, give their time, serve on boards, volunteer in not for profits," Schneiderman said at a breakfast hosted by Crain's New York Business at the Roosevelt Hotel in Midtown.
He said that although the sector has grown, oversight and support have not always kept up.