NYS Nonprofit Revitalization Act

Governor Cuomo signed the Non-profit Revitalization Act into law in December 2013.  This ground-breaking legislation is designed to reduce the burdens and improve the governance practices of nonprofits in New York State.  Introduced by Attorney General Eric Schneiderman, the Act is the result of the work of the Leadership Committee for Nonprofit Revitalization.  

Although some of the new legislation governs mergers and dissolutions which do not impact the day to day work of nonprofits, there are changes which make a review of individual nonprofit corporation bylaws and policies the prudent course of action for 501(c)(3)s in New York State.

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In the long-overdue battle to stem America's growing economic inequality, too many nonprofits are either missing from action or part of the problem.

While charities and foundations do much to help those in poverty, some groups actually perpetuate it through their own compensation practices.

Not only do some nonprofits pay their lowest-ranking staff members so little that they often are eligible for federal antipoverty help, such as food stamps, but the gulf in pay between the CEOs of the nation's wealthiest colleges and hospitals and the average worker's pay at their organizations is unconscionably wide.

That is bad enough, but what is truly damaging is the lack of attention most nonprofits have given to advocacy and other efforts to bring about policy changes that could help the poor and combat inequality. They have done little to push for increases in the minimum wage or greater spending on federal and state programs for needy families.

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Alan Mathios