TownOnline.com - Needham Times - Opinion & Letters: "Editorial: A fair regulation for financial disclosure
Thursday, August 18, 2005
State Sen. Marian Walsh has filed legislation that would require religious organizations and churches to follow the same financial disclosure rules as other nonprofit organizations in Massachusetts. If passed by the Legislature, it would also mandate that every charitable organization in the state disclose the property it owns.
Currently, all nonprofits except religious organizations are required to file 'Form PC' with the attorney general on an annual basis. This disclosure form is meant to protect donors from waste and fraud by these organizations. There is no reason why the same protection should not also be afforded to those who contribute to religious-based entities.
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