Vanguard Charitable Videos California charitable registration to expire, revoking $15 million in assets

California charitable registration to expire, revoking $15 million in assets

California’s charitable registration program, which was set up in 2013 to assist charitable organizations, is set to expire in 2021, the Associated Press has learned.

The state’s board of trustees, which oversees the program, has already decided to eliminate $15.4 million in tax-exempt assets, including $6.6 million in charitable contributions and $4.4 in non-charitable income, The Associated Press reported Friday.

Under the state’s new rules, the board of directors will no longer be able to approve a grant of $25,000 or more from a private foundation to a charitable organization, The AP reported.

The money will be subject to audit, and all grants will have to be approved by the state auditor.

The board’s decision comes amid heightened concern about the lack of transparency in the program as states grapple with the opioid crisis.

More than 14,000 individuals and 501(c)(3) nonprofits have registered with the state, and nearly 6,000 are already on the list, according to the Associated Business Press.

A nonprofit group called the California Center for the Future of Children and Families is asking the California Legislature to eliminate the program.

It said in a statement that it has received more than 2,700 inquiries about the program since it began, and that many of those inquiries have been made on behalf of families whose loved ones have died in the opioid epidemic.