Regulation of Nonprofit Organizations

THE ATTORNEY GENERAL IS RESPONSIBLE FOR THE REGULATION OF NONPROFIT ORGANIZATIONS The California Attorney General is responsible for the regulation of nonprofit organizations for public policy reasons.  The Attorney General represents all the public beneficiaries of charity, who cannot sue in their own right.  Therefore, all charities must register with the Attorney General and the Attorney General’s Registry of Charitable Trusts maintains public files and financial reports for all charities registered in California.  The Attorney General has the power to oversee the operations of Public Benefit Corporations. The Attorney General’s Charitable Trust Section has investigative audit powers and may bring [...]

Regulation of Nonprofit Organizations2020-03-22T12:59:08-07:00

Nonprofit Public Benefit Corporation

https://youtu.be/zg7u3Q_sj4U WHAT IS A NONPROFIT PUBLIC BENEFIT CORPORATION? A Nonprofit Public Benefit Corporation must be formed for public or charitable purposes and cannot be formed for private gain of any individual.  Public benefit purposes include organizations such as childcare centers, shelters for homeless people, community health care clinics, museums, hospitals, schools, performing arts groups, conservation groups, and affordable housing groups.   The Public Benefit Corporation is legally restricted in that all its assets must be irrevocably dedicated to charitable, scientific, or educational purposes.  In this sense, the nonprofit corporation is owned by the public. No private individual can claim ownership [...]

Nonprofit Public Benefit Corporation2020-03-09T12:49:40-07:00