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Bill

Bill

A 8300

Relates to the computation and allocation of the commissions of trustees of charitable trusts; repealer

2025 Regular Session Introduced by Karen McMahon

Bill modifies how New York charitable trust trustees calculate and receive commissions, but was replaced by substitute legislation S8373 before passage.

SUBSTITUTED BY S8373
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Bill Summary · A 8300

Legislative bill overview

Bill A 8300 relates to how trustees of charitable trusts calculate and receive their commissions (fees) in New York. The bill was introduced by Assemblywoman Karen McMahon but was subsequently substituted by Senate Bill S8373, meaning this version is no longer the active proposal.

Why is this important

Trustee commissions directly affect how much money charitable organizations can allocate to their charitable missions versus administrative costs. Changes to commission structures can influence whether charities can afford experienced trustees or how transparent compensation practices become to donors and beneficiaries.

Potential points of contention

  • Trustee compensation levels — Any change to allowed commission rates could either burden charities with higher costs or potentially underpay trustees, affecting the quality of trust administration
  • Calculation methodology — Different approaches (flat fees, percentage-based, asset-value dependent) create winners and losers among various trustee types and trust sizes
  • Transparency requirements — Stricter disclosure rules may increase administrative burden while improving oversight of charitable assets

Compiled from official sources — confirm details with the bill’s official record.

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