Amended Law to Require China’s Charities to Report Fundraising Costs

China’s newly amended Charity Law will require public welfare organizations to include the costs of fundraising in their annual work and financial reports submitted to local authorities, marking the first time such expenses are required to be reported.

Beginning September, charitable organizations should report their fundraising costs to local civil affairs departments and keep such expenditures and management expenses to those of “the utmost necessity,” according to the first revision to the country’s eight-year-old Charity Law released in December.