2010 Code of Virginia
Title 57 - RELIGIOUS AND CHARITABLE MATTERS; CEMETERIES.
Chapter 5 - Solicitation of Contributions (57-48 thru 57-69)
57-58 - Ratio of fund-raising expenses to contributions to be included in registration statement.
ยง 57-58. Ratio of fund-raising expenses to contributions to be included in registration statement.
Each charitable organization shall, as a part of its registration statement, compute the percentage that its fund-raising expenses for its preceding fiscal year bore to its support received directly from the public during such year.
Each federated fund-raising organization shall clearly disclose on any registration the percentage that is withheld from a donation designated for a member agency.
(1974, c. 574; 2003, c. 810.)
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