Regulations Amending Requirement to File Schedule B to IRS Form 990 Promulgated

The New York State Attorney General’s Office has amended its regulations to reflect changes in the Charities Bureau’s requirements for filing Schedule B to IRS Form 990. The new requirements will be implemented when the Charities Bureau upgrades its online annual filing form (CHAR500) in June 2022.

Pursuant to amended regulations effective March 16, 2022, registrants other than private foundations that file Schedule B with the Internal Revenue Service can omit the names and street addresses of donors on Schedule B filed with the Charities Bureau.

Registrants that file Schedule B with the IRS will be permitted to do either of the following:

  1. Submit Schedule B with only the amount of each donation and the state where the donor is located, or
  2. Select from a series of dollar ranges in the electronic annual filing form (CHAR500) to indicate the gross amount of contributions received from New York donors.

Organizations that do not file Schedule B with the IRS will be required to include, in the electronic annual filing form, the gross amount of contributions raised in New York in a reporting period by selecting from a series of dollar ranges.

Private foundations are required to continue filing Schedule B as part of their annual financial report.

The Charities Bureau is currently updating its electronic annual filing system (CHAR500). The system will be reconfigured in June 2022 to accept the financial information described above. Charities that have annual financial reports due prior to the system update will not be required to include this information for the reporting period.

Any questions? Contact us at charities.bureau@ag.ny.gov