§ 131F-9. Disclosure requirements of charitable organizations and sponsors. - North Carolina Statutes

§131F‑9.  Disclosure requirements of charitable organizations andsponsors.

(a)        Contributions forExpressed Purpose. – A charitable organization or sponsor shall solicitcontributions only for the purpose expressed in its application and may applycontributions only in a manner substantially consistent with that purpose.

(b)        Disclosures. – Acharitable organization or sponsor soliciting in this State shall include allof the following disclosures at the point of solicitation:

(1)        The name of thecharitable organization and state of the principal place of business of thecharitable organization or sponsor.

(2)        A description of thepurpose for which the solicitation is being made.

(3)        Upon request, thename and either the address or telephone number of a representative to whominquiries could be addressed.

(4)        Upon request, theamount of the contribution which may be deducted as a charitable contributionunder federal income tax laws.

(5)        Upon request, thesource from which a written financial statement may be obtained. The financialstatement shall be for the immediate past fiscal year and shall be consistentwith G.S. 131F‑6. The written financial statement shall be providedwithin 14 days after the request and shall state the purpose for which fundsare raised, the total amount of all contributions raised, the total costs andexpenses incurred in raising contributions, the total amount of contributionsdedicated to the stated purpose or disbursed for the stated purpose, andwhether the services of another person or organization have been contracted toconduct solicitation activities.

(c)        Printed Disclosure.– Every charitable organization or sponsor that is required to obtain a licenseunder G.S. 131F‑5 shall conspicuously display in type of a minimum sizenine points, the following statement on every printed solicitation, writtenconfirmation, receipt, or reminder of a contribution:

"Financial informationabout this organization and a copy of its license are available from the StateSolicitation Licensing Branch at [telephone number]. The license is not anendorsement by the State."

The statement shall be madeconspicuous by use of one or more of the following: underlining, a border, orbold type. When the solicitation consists of more than one piece, the statementshall be displayed prominently in the solicitation materials, but notnecessarily on every page. (1985, c. 497, s. 8; 1989, c. 566, s. 3; 1993 (Reg.Sess., 1994), c. 759, s. 2; 1995 (Reg. Sess., 1996), c. 748, s. 1.1.)