Lawmaker-led charity must overhaul finances after failing to pay scholarships: NY AG

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A lawmaker-led charity behind an annual weekend of networking events for New Yok’s political elite will overhaul its bylaws and financial oversight as part of a settlement with state.

Make your contribution now and help Gothamist thrive in 2023.The lawmaker-led charity behind an annual weekend of networking events that’s a must-attend for New Yok’s political elite will overhaul its bylaws and financial oversight as part of a settlement with state Attorney General Letitia James’ office.NYS Association of Black, Puerto Rican, Hispanic and Asian Legislators

At the same time, the association took in contributions from corporate sponsors to help fund a college scholarship program, which is the centerpiece of its annual fundraising gala at an Albany hotel. But there was no written criteria for selecting scholarship winners, who instead were simply chosen by the organization’s members. In at least 2017 and 2018, the organization failed to pay out the scholarships on time, delaying them until 2019 and 2020, according to the settlement.

The organization is the charitable branch of an influential group of dozens of Black, Puerto Rican, Hispanic and Asian state lawmakers, which is known in Albany as “the Caucus.” As part of that event, which draws thousands of participants — and an accompanying swarm of lobbyists — to the state facilities near the Capitol, the association holds its fundraising gala and an afterparty at an Albany hotel that generally features a musical headliner — including past headliners Busta Rhymes and Big Daddy Kane.

 

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