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Bill Would Let Donors Seek Court Remedies When Charities Break Endowment Restrictions, Advocates Say
Summary
Senate Bill 134 would create a legal path for donors to seek remedies if a charitable organization violates donor-imposed restrictions in an endowment agreement. Philanthropy groups told the committee the measure clarifies donor intent and encourages giving.
Senate Bill 134, presented to the Senate Judiciary Committee on Jan. 14, would authorize donors to petition a court when a charitable organization fails to follow a written restriction attached to an endowment gift.
Sponsor Sen. Greg Hertz told the committee the bill is designed to give private donors legal recourse when organizations fail to carry out donor-imposed restrictions on the use of endowed funds. The measure would permit a donor (or the donor’s legal representative) to file a complaint within six…
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