SC H3828

Legislative Description

Allow Each School District Of The State To Create A 501(c)(3) Nonprofit Foundation To Accept Money, Property, And Other Gifts Donated To The District And To Raise Funds And Acquire Real And Personal Property On Behalf Of The District; To Provide For The Composition Of The Foundation; To Provide That Contributions And Funds Raised On Behalf Of The District May Be Used Only For Nonoperational Purposes; To Provide For The Naming Of Buildings And Other Special Projects Undertaken With Funds Provided By The Foundation After Benefactors Of The Foundation Upon Certain Conditions; And To Provide That Contributions Received By The Foundation Are Tax Deductible Charitable Or Benevolent Contributions For Income Tax Purposes.

Last Action

Committee Referrals