SB844 — Charitable organizations; creating the Safeguarding Endowment Gifts Act; prohibiting certain use of funds by charitable organizations under certain circumstances. Effective date.

SB844 — Charitable organizations; creating the Safeguarding Endowment Gifts Act; prohibiting certain use of funds by charitable organizations under certain circumstances. Effective date. · Informed CitizenrySB844, the Safeguarding Endowment Gifts Act, establishes rules for charitable organizations regarding the management of endowment funds and donor-imposed restrictions. The bill prohibits charitable…Open in Informed Citizenry