Section 23 Solicitation disclosures; guaranteed minimum percentage utilized for charitable purposes - Massachusetts Statutes

Section 23. (a) All solicitations by professional solicitors and all solicitations by commercial co-venturers shall contain, at the time of solicitation, the following disclosures: (1) the name, address and telephone number of the charitable organization and a description of how the contributions raised by the solicitation will be utilized for charitable purposes, or if there is no charitable organization, the name, address and telephone number of the professional solicitor or commercial co-venturer and a description of how the contributions raised by the solicitation will be utilized for charitable purposes; (2) the statement that the solicitation is being conducted by a “paid fund-raiser”; (3) the guaranteed minimum percentage of the gross receipts from fund-raising that will be utilized exclusively for the charitable purposes described in the solicitation; and such other disclosures as required by relevant rules and regulations promulgated under section twenty-nine. If the solicitation is for advertising, the disclosure shall also include the geographic distribution and the circulation of the publication in which the advertising will appear. (b) For purposes of this section, the guaranteed minimum percentage required to be disclosed by clause (3) of subsection (a) shall be the percentage stated in the contract or written agreement between the professional solicitor or commercial co-venturer and the charitable organization.