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From the Legislature
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."