May 28, 2025, 1:49 PM
(from Venable LLP) Effective July 1, 2025, a recently enacted Florida law, Senate Bill 700, will broadly prohibit those involved with charitable solicitations or sales promotions from receiving or soliciting funds from individuals and entities associated with certain foreign countries. Nonprofits operating in the state should consider updating their contribution forms to include donor attestations to screen for possible ties to restricted foreign sources. Foreign sources of concern include China, Russia, Cuba, Iran, North Korea, Venezuela, and Syria.
Listen to the latest episode of the Net Assets podcast.