Safeguarding Endowment Gifts

Summary

The bill adds the Safeguarding Endowment Gifts Act to South Carolina law, prohibiting charitable organizations from breaking written donor restrictions unless required by law. It obligates charities to notify donors or their representatives if they cannot meet a restriction and provides a limited legal process for complaints, without allowing monetary damages. The measure also lets charities seek court declarations of their rights under the endowment agreement.

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