Recently, the Charities Division has made a significant change to the banking information requirements for registration and annual report forms. This change is aimed at enhancing security measures while still fulfilling the enforcement needs of the Attorney General’s Office.

What’s Changing? In the past, charitable organizations were required to provide comprehensive banking details, including addresses and phone numbers. However, in response to concerns about the potential for fraud, the Charities Division has revised these requirements. Moving forward, you will only need to provide the name of your financial institution. This streamlined approach reduces the risk of sensitive information being compromised, without impeding the necessary oversight functions.

Why This Matters: The security of your organization’s financial information is paramount. By reducing the amount of sensitive data shared in public filings, the Charities Division is taking a proactive step to safeguard your interests. This change also simplifies the registration process, allowing you to focus more on your mission and less on administrative tasks.

Continued Dialogue: The Charities Division is committed to working with the nonprofit community to monitor the impact of these changes. Your feedback is invaluable, and we encourage ongoing dialogue to ensure that the registration process remains both secure and efficient.

What You Need to Do: Please review your registration and annual report forms to ensure compliance with the new requirements. If you have any questions or need assistance, do not hesitate to reach out for support.