OK SB844

Creates the "Safeguarding Endowment Gifts Act" to protect donor-imposed restrictions on contributions to charitable organizations and charitable trusts operating under Section 501(c)(3) tax-exempt status

Prohibits charitable organizations from violating written donor-imposed restrictions on endowment funds without penalty, and requires 30 days advance notice to donors when organizations cannot fulfill agreement terms

Allows donors or their legal representatives to file breach of agreement complaints in court within 6 years of discovery, after providing 90 days notice to the charitable organization

Courts may order remedies consistent with the charitable purposes in the endowment agreement, but cannot order return of donated funds to donors

Preserves Attorney General enforcement authority, cy pres judicial power, and institutional rights to modify restrictions under the Uniform Prudent Management of Institutional Funds Act or Oklahoma Charitable Fiduciary Act; effective November 1, 2025