The Sourcebook was written to provide factual information concerning the covered topics. It is not meant to take the place of professional advice in any specific situation. The publication of the Sourcebook has been paid for with funds recovered by the Consumer Protection & Antitrust Bureau that were designated for consumer education programs.
NH RSA 403-E requires organizations issuing charitable gift annuities to notify the Director of Charitable Trusts, Office of the Attorney General in writing within 90 days after the effective date of this law or the date on which it enters into the organization’s first qualified charitable gift annuity agreement. The charity must re-certify that information when filing its annual report with the Director of Charitable Trusts.
This guidebook has been prepared by the Charitable Trusts' Division as a quick reference tool for those individuals serving as directors, trustees, or officers of New Hampshire charitable trusts and charitable non-profit organizations. It describes in brief terms some of your rights and duties as a director, trustee or officer; the conflict of interest issues which you may encounter; tips for working with professional paid solicitors; and tips for making smart donations. Your service as a director, officer or trustee of a charitable organization should be among the most satisfying and rewarding activities you undertake. This guidebook is an attempt to help you understand your rights and responsibilities. This guidebook is not intended to be a summary of the laws governing charitable organizations in New Hampshire and is not intended to be a substitute for legal advice. However, RSA 7:19 through 7:32-b and RSA 292:1 through 292:31 are the focus of the guidebook. Recent changes in these laws are also included in this guidebook.
This handbook provides a handy reference tool on a variety of issues, including the investment of trust funds, reporting requirements, and the payment of fees for professional banking assistance.
The NH Business Committee for the Arts has updated its publication that provides advice on incorporating as a nonprofit and provides samples of articles of incorporation and bylaws.
by Senior Assistant Attorney General Michael S. DeLucia
(NH Bar Journal Spring 2005)
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