In December, Gov. Cuomo signed into law the Nonprofit Revitalization Act of 2013, the most comprehensive reform of New York’s nonprofit laws in decades. The new requirements, most of which take effect July 1, 2014, will require virtually all New York nonprofits and their boards – including foundations – to evaluate their current policies and procedures to assess compliance and determine whether changes are necessary. While many organizations have presented programs on the implications of the new law for nonprofits, none have focused on the dual implications for foundations: how the law effects how you should be looking at your grantees and how the law effects the unique operations of foundations.
At this program, you will hear from Jason R. Lillien, principal author of the act as the Chief of the Attorney General’s Charities Bureau, Julie Floch, EisnerAmper's Nonprofit Practice Leader, Ken Monteiro, Acting VP, Secretary and General Counsel of the Ford Foundation, and Kenneth Austin, Senior Counsel & Corporate Secretary, The Wallace Foundation. Jason and Julie will give a brief outline of the reforms, while Kenneth and Ken will discuss how the new law will affect their organization's operations, with implications for your own. The plan is to come away from the working session with a basic draft of a checklist of key issue areas that foundations should be considering when applying the new law to their own operations.
• The new statutory procedures concerning mergers, assets sales, and dissolutions, board and member meetings, incorporation of new nonprofits, and audit filing requirements
• How this new piece of legislation specifically impacts private foundations.
This program is "Partially Open."
• Kenneth Austin, Senior Counsel & Corporate Secretary, The Wallace Foundation
• Ronna Brown (Moderator), President, Philanthropy New York
• Julie Floch, Partner, EisnerAmper
• Jason R. Lilien, Partner, Zuckerman Spaeder LLP
• Ken Monteiro, Acting VP, Secretary, General Counsel, Ford Foundation
Foundation CEOs, CFOs, and COOs, a well as other senior staff. Interested funders also welcome.
8:45-9:00 AM Check-in 9:00-10:30 AM Program