Montana SB134 creates the Safeguarding Endowment Gifts Act to protect donor-imposed restrictions on charitable gifts.
Montana SB134, known as the Safeguarding Endowment Gifts Act, establishes legal protections for donor-imposed restrictions on charitable gifts. It allows donors or their legal representatives to file complaints if a charitable organization violates these restrictions. The act provides remedies to enforce the terms of endowment agreements without returning donated funds to the donor. It defines key terms such as "donor-imposed restriction," "endowment agreement," and "charitable organization." The act is effective July 1, 2025.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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