08/04/2006 in Announcements


Ohio AG Revises Proposed Rules

Ohio Attorney General Jim Petro has significantly revised proposed rule changes that would have dramatically impacted Ohio nonprofit organizations.

After receiving comments from the nonprofit sector, Petro released a new draft on July 28 that drops proposed restrictive regulations dealing with conflict of interest and executive compensation. The proposed regulations still include an expanded annual report requirement. The new rules also propose creation of a charitable advisory council composed of nine members appointed by the attorney general.

Ohio Grantmakers Forum (www.ohiograntmakers.org) is preparing a response to the new draft of proposed rules and welcomes input from foundations and nonprofit organizations before the August 21 deadline.

The George Gund Foundation wishes to thank all who have commented on the proposed rules. We also strongly encourage you to read and comment on the revised proposals, as issues surrounding reporting requirements could still have a large impact. For a link to the new draft, click here.

Comments should be sent to the Attorney General:

Ohio Attorney General Jim Petro
State Office Tower
30 E. Broad Street, 17th Floor
Columbus, OH 43215–3428