New York recently updated the requirements for public charities filing form CHAR 500 (the annual financial report) to the New York Attorney General’s Charities Bureau which went into effect on March 16, 2022. Under the new regulations, charities and other CHAR 500 filers (with the exception of private foundations, see below) are no longer required to disclose the names and street addresses of donors. Instead, such organizations can 1) provide a redacted IRS Form 990 Schedule B without the names and street addresses but including the amounts of the donations and the states from which the donations were received or 2) provide a statement of the gross amount of contributions received from individuals and entities residing or domiciled in New York.
Organizations that do not file IRS Form 990 Schedule B may simply provide on form CHAR 500 the gross amount of contributions received from donors in New York.
Private foundations, on the other hand, must continue to provide the foundation’s complete, unredacted IRS Form 990 Schedule B.