Did you know that fundraising activities are regulated by state law, and that many states require charitable nonprofits and professional fundraising consultants to register with the state prior to engaging in fundraising activities? Vermont is one of only a handful of states that does NOT require this, however this could apply to VT nonprofit organizations who fundraise in other states.
In fact, 39 states require charitable nonprofit and/or professional fundraising consultants to register with the state prior to engaging in fundraising activities in that state. Charities that solicit contributions in more than one state or on the internet may be required to register in every state in which solicitation occurs.
For more information and details please visit: http://www.councilofnonprofits.org/resources/fundraising/charitable-registration
Davis & Hodgdon Associates CPAs has been assisting nonprofits, individuals and businesses with tax and accounting services in the Burlington Vermont Metro area for more than 20 years. If you have any questions or concerns please feel free to call 802.878.1963 or email [email protected].