Vermont Statutes Title 9 Sec. 2476
Terms Used In Vermont Statutes Title 9 Sec. 2476
- Charitable: means related to a charitable purpose. See
- Charitable organization: means any organization that is or holds itself out to be furthering any charitable purpose. See
- Contribution: means the grant, promise, or pledge of money, credit, financial assistance, or other goods or services in part or in whole for a charitable purpose. See
- Contributor: means a person who makes a contribution. See
- Paid fundraiser: means a person who, for financial consideration, solicits contributions from persons in this State, either directly or through employees, agents, or those with whom the paid fundraiser is in privity. See
§ 2476. Bank accounts
(a) All checks and money orders contributed in response to a solicitation shall be made out to the name of the charitable organization.
(b) A paid fundraiser shall immediately deposit, in a bank account in the name of the charitable organization with which the paid fundraiser has contracted, all contributions received by the paid fundraiser. The signature of the treasurer or other agent designated by the charitable organization shall be required to remove any funds from the account.
(c) Within 60 days after a solicitation campaign has been completed, the paid fundraiser shall file with the charitable organization a closing statement for the campaign, including the name and address of each contributor and the amount of the contribution; the amount of gross receipts; and an itemized list of all expenses, commissions, and other costs incurred in the campaign. (Added 1989, No. 232 (Adj. Sess.), § 2.)