H517 - Modify Nonprofit Corp. Act/Charitable Org. (SL 2026-52)
Session Year 2024
Overview: Part VII of S.L. 2026-52 (House Bill 517) provides that a written acknowledgement that includes the information in section 170(f)(8) of the Internal Revenue Code satisfies the disclosure requirements for charitable organizations or sponsors soliciting in North Carolina. This information includes: (i) the amount of cash and a description (but not value) of any property other than cash contributed; (ii) whether the donee organization provided any goods or services in consideration, in whole or in part, for any property; and (iii) a description and good faith estimate of the value of any goods or services referred to in clause (ii) or, if such goods or services consist solely of intangible religious benefits, a statement to that effect.
This Part became effective July 7, 2026.
Additional Information: