Loading chat...
MT SB134
Bill
AI Summary
- Creates the "Safeguarding Endowment Gifts Act" allowing donors or their legal representatives to sue 501(c)(3) charitable organizations that violate written donor-imposed restrictions in endowment agreements
- Donors must provide 90 days written notice before filing a complaint, and lawsuits must be filed within 3 years of discovering the violation
- Courts may order remedies consistent with the charitable purposes but cannot award monetary damages to donors or order return of donated funds
- Charitable organizations must notify donors 90 days in advance if unable to fulfill endowment terms and offer alternative solutions matching the original intent
- Effective immediately upon passage with retroactive application to endowment agreements entered on or after January 1, 1975
Legislative Description
Generally revise laws relating to gifts and endowments
Public Contracts
Last Action
Chapter Number Assigned
4/18/2025
Committee Referrals
Judiciary2/17/2025
Judiciary1/15/2025
Full Bill Text
No bill text available