1. (a) Each foundation and each registered foreign foundation shall file with the secretary of state an annual report.

2. (b) In the case of a foundation, an annual report shall set forth:

   1. (1) The foundation's name;
   2. (2) The address of the foundation's principal office;
   3. (3) The foundation's registered agent;
   4. (4) The foundation's registered office; and
   5. (5) The name and business address of each of the foundation's directors.

3. (c) In the case of a registered foreign foundation, an annual report shall set forth:

   1. (1) The foundation's name;
   2. (2) The jurisdiction in which the foundation is formed;
   3. (3) The address of the foundation's principal office;
   4. (4) The foundation's registered agent;
   5. (5) The foundation's registered office; and
   6. (6) The name and business address of each of the foundation's directors.
4. (d) On its annual report, a foundation or a registered foreign foundation shall report information that is accurate as of January 1 of the year in which the annual report is due.

5. (e) A foundation's annual reports are due:

   1. (1) Subject to subsection (e)(2), a foundation shall file its initial annual report on or before April 1 of the year following the calendar year in which the foundation was formed.
   2. (2) If the foundation was formed during the month of December, then the foundation shall file its initial annual report on or before April 1 of the second year following the calendar year in which the foundation was formed.
   3. (3) In each calendar year after the year in which its initial annual report is due, the foundation shall file an annual report on or before April 1 of that year.

6. (f) A foreign foundation's annual reports are due:

   1. (1) Subject to subsection (f)(2), a registered foreign foundation shall file its initial annual report on or before April 1 of the year following the calendar year in which the foundation was formed.
   2. (2) If the foreign foundation registered during the month of December, then the registered foreign foundation shall file its initial annual report on or before April 1 of the second year following the calendar year in which the foreign foundation was registered.
   3. (3) In each calendar year after the year in which its initial annual report is due, the foreign foundation shall file an annual report on or before April 1 of that year.

7. (g) If an annual report of a foundation or a registered foreign foundation does not contain the information required by this section, then the secretary of state shall promptly send to the foundation or the registered foreign foundation:

   1. (1) A notice describing the deficiencies in the annual report; and
   2. (2) The annual report that fails to contain the information required by this section.
8. (h) If a foundation or a registered foreign foundation files a corrected annual report within 30 days after the date of notice under subsection (g)(1), then the annual report will be deemed timely filed.
9. (i) In addition to the annual report fee, a foundation that fails to file its annual report on or before the due date under RSA 564-F:22-2201(e) or a registered foreign foundation that fails to file its annual report on or before the due date under RSA 564-F:22-2201(f) shall pay the late filing fee under RSA 564-F:22-2205(a)(19).

Source. 2017, 257:47, eff. Oct. 1, 2017.