South Carolina Senate bill in Session 126.
Status: in_committee. Latest action: February 24, 2026.
A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE "SAFEGUARDING ENDOWMENT GIFTS ACT"" BY ADDING ARTICLE 2 TO CHAPTER 6.
TITLE 34 SO AS TO PROHIBIT CHARITABLE ORGANIZATIONS FROM VIOLATING WRITTEN DONOR RESTRICTIONS EXCEPT WHEN REQUIRED OR AUTHORIZED BY FEDERAL OR STATE LAW; TO REQUIRE NOTIFICATION TO DONORS WHEN A CHARITABLE ORGANIZATION IS UNABLE TO FULFILL ONE OR MORE TERMS IN AN ENDOWMENT AGREEMENT; TO ESTABLISH JUDICIAL PROCESSES AND REMEDIES WHEN CHARITABLE ORGANIZATIONS VIOLATE DONOR IMPOSED RESTRICTIONS IN ENDOWMENT AGREEMENTS; TO PERMIT CHARITABLE ORGANIZATIONS TO SEEK A JUDICIAL DECLARATION OF RIGHTS AND DUTIES AND RELATED PROVISIONS; AND TO DESIGNATE SECTIONS 34-6-10 THROUGH 34-6-100 AS ARTICLE 1, ""GENERAL PROVISIONS.""", Safeguarding Endowment Gifts Act
| Date | Event | Detail |
|---|---|---|
| 2026-02-24 | Introduced | Bill introduced |
| 2026-02-24 | Status | in_committee |
| 2026-02-24 | Latest Action | Referred to Committee on Banking and Insurance ( Senate Journal-page 4 ) |