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Section: 407.0469 Disclosure of fund-raising costs and use of professional fund-raiser. RSMO 407.469


Published: 2015

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Missouri Revised Statutes













Chapter 407

Merchandising Practices

←407.466

Section 407.469.1

407.472→

August 28, 2015

Disclosure of fund-raising costs and use of professional fund-raiser.

407.469. 1. All charitable organizations required to submit an annual

report under section 407.462 shall, upon request, disclose the percentage of

the funds solicited which were spent on the costs of fund raising in the last

twelve-month period for which an annual report was filed under section

407.462. For purposes of this section, costs of fund raising shall include

all money directly expended on fund raising and that portion of all

administrative expenses and salaries of the charitable organization

attributable to fund-raising activities. Any person who markets or collects

funds on behalf of a charitable organization shall state on all literature

soliciting such funds that a portion of the funds contributed are used for

marketing expenses and paid to persons for marketing the charitable

organization, if any such funds are so used.



2. Whenever a solicitation of funds on behalf of a charitable

organization is undertaken by a professional fund-raiser, the professional

fund-raiser shall disclose that fact to prospective contributors.



(L. 1986 S.B. 685, A.L. 1994 H.B. 1095)







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