2005 North Carolina Code - General Statutes § 131F-9. Disclosure requirements of charitable organizations and sponsors.

§ 131F‑9.  Disclosure requirements of charitable organizations and sponsors.

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

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

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

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

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

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

(5)       Upon request, the source from which a written financial statement may be obtained. The financial statement shall be for the immediate past fiscal year and shall be consistent with G.S. 131F‑6. The written financial statement shall be provided within 14 days after the request and shall state the purpose for which funds are raised, the total amount of all contributions raised, the total costs and expenses incurred in raising contributions, the total amount of contributions dedicated to the stated purpose or disbursed for the stated purpose, and whether the services of another person or organization have been contracted to conduct solicitation activities.

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

"Financial information about this organization and a copy of its license are available from the State Solicitation Licensing Branch at [telephone number]. The license is not an endorsement by the State."

The statement shall be made conspicuous by use of one or more of the following: underlining, a border, or bold type. When the solicitation consists of more than one piece, the statement shall be displayed prominently in the solicitation materials, but not necessarily 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.)