NY Plans to “Revitalize” the Nonprofit Sector

February 23, 2012 Posted by The Law Firm for Non-Profits, P.C. in Board, News

New York Attorney General Eric Schneiderman recently unveiled a plan the AG thinks will reform and revitalize New York’s nonprofit sector. The AG’s main goals are to reduce regulatory burdens on nonprofits, strengthen oversight and accountability, and reduce fraud and abuse.

Included are two initiatives intended to strengthen the nonprofit sector called “New York on BOARD” and “Directors U.” The first is a director recruitment program, for which the AG will partner with for-profit companies. Each partnering for-profit company will pledge to get “on board,” thereby agreeing to create programs encouraging their employees to serve on nonprofit boards. The AG plans to later expand the program to academic and retirement communities to get them on board too. The program will be administered by the Association for a Better New York.

The primary goal of Directors U is to improve director education. Through Directors U, the AG will host an online database of educational materials and provide live training, which will be free or at minimal cost to directors. The program will cover a wide range of subjects concerning nonprofits and will be administered through a consortium of academic institutions.

These programs do not require legislative approval, however, no specific implementation dates have been announced.

We will await reports on the effectiveness of the revitalization plan and keep readers of this blog apprised. Perhaps we will be seeing similar programs implemented in California in the next few years.

NOTE: The information contained herein is not intended to be legal advice and the reader should know that no Attorney-Client relationship or privilege is formed by the posting or reading of this article which is also not intended to solicit business.

Casey Summar, Partner, The Law Firm for Non-Profits,1812 W Burbank Blvd, #7445, Burbank, CA 91506

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