Charitable Giving
What changed between versions
Added new definitions for 'property' and expanded the definition of 'legal representative' to include estate administrators and designated persons.
Modified complaint filing requirements to specify a 90-day notification period before filing and a 5-year statute of limitations after discovery of breach.
Modified notification requirements for charitable organizations to specify a 120-day timeframe for notifying donors when unable to fulfill endowment terms.
Added new protections preventing state agencies from imposing annual filing requirements more burdensome than those authorized by state law.
Added explicit authorization for donors to seek refunds of all or part of donated funds if they expressly reserved that right in their endowment agreement.
Added provisions clarifying that courts cannot order return of donated funds unless a refund right was expressly reserved by the donor.
Changed the effective date from unspecified to July 1, 2026.