State Codes and Statutes
Statutes > Virginia > Title-57 > Chapter-5 > 57-58§ 57-58. Ratio of fund-raising expenses to contributions to be included inregistration statement.
Each charitable organization shall, as a part of its registration statement,compute the percentage that its fund-raising expenses for its precedingfiscal year bore to its support received directly from the public during suchyear.
Each federated fund-raising organization shall clearly disclose on anyregistration the percentage that is withheld from a donation designated for amember agency.
(1974, c. 574; 2003, c. 810.)
