Died in Industries & Professional Activities Subcommittee
Summary
The bill creates the Safeguarding Endowment Gifts Act, letting donors or their representatives file a complaint if a charity breaks a written restriction in an endowment agreement. It forces charities to notify donors within 30 days when they cannot meet a term and to offer a comparable alternative, while courts can order remedies but cannot return the donated money. The measure aims to protect donor intent without allowing damage awards.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Topics
Track this bill
Get real-time alerts when HB 1475 changes status, plus AI-powered summaries and stage predictions.
Sign up free