Designation of amount to be paid to beneficiaries; manner of specification; minimum amount payable.

  1. Law
  2. Oregon Revised Statutes
  3. Landlord-Tenant, Domestic Relations, Probate
  4. Trusts; Charitable Activities
  5. Designation of amount to be paid to beneficiaries; manner of specification; minimum amount payable.

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(a) An amount per unit of the goods or services to be purchased;

(b) A specified percentage of the gross funds solicited; or

(c) A good faith estimate of the gross funds solicited.

(2) Nonprofit beneficiaries shall receive no less than 90 percent of the designated estimate under subsection (1)(c) of this section. Any designated amount shall exclude any amount which the nonprofit beneficiary is to pay as expenses of the solicitation campaign, such as all costs of the goods or services sold or cost of fund raising events staged. [1991 c.532 §5]


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