Washington SB5887 aims to protect charitable organizations and ensure timely property transfers to them.

The Charitable Organizations Privacy Protection Act seeks to safeguard charitable organizations and facilitate the secure transfer of property designated to them. It prohibits holders of property from requesting personal identifying information from individuals affiliated with charitable organizations. The act mandates that holders of property must transfer property to a charitable organization within 30 days of receiving a valid affidavit. It also requires holders to notify charitable organizations of beneficiary designations within 10 business days of the owner's death.

Washington SB5887 aims to protect charitable organizations and ensure timely property transfers to them.

The Charitable Organizations Privacy Protection Act seeks to safeguard charitable organizations and facilitate the secure transfer of property designated to them. It prohibits holders of property from requesting personal identifying information from individuals affiliated with charitable organizations. The act mandates that holders of property must transfer property to a charitable organization within 30 days of receiving a valid affidavit. It also requires holders to notify charitable organizations of beneficiary designations within 10 business days of the owner's death.