                                 CODE OF VIRGINIA

RATIO OF FUND-RAISING EXPENSES TO CONTRIBUTIONS TO BE INCLUDED IN REGISTRATION
STATEMENT (§ 57-58)

Each charitable organization shall, as a part of its registration statement,
compute the percentage that its fund-raising expenses for its preceding fiscal
year bore to its support received directly from the public during such year.
		Each federated fund-raising organization shall clearly disclose on any
registration the percentage that is withheld from a donation designated for a
member agency.

HISTORY: 1974, c. 574; 2003, c. 810.