HB1557

HB1557 amends the Charitable Trust Stabilization Act to require organizations to have a voluntary staff or board and adopt a non-discrimination.

HB1557 amends the Charitable Trust Stabilization Act to revise eligibility criteria for grants. To qualify, an organization must be a not-for-profit corporation exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code, organized under the General Not for Profit Corporation Act of 1986, and comply with the Charitable Trust Act. Additionally, the organization must have a staff or board that is completely voluntary or have the equivalent of not more than one full-time paid employee.