Bill > SB433

This bill, known as the "Donor Intent Protection Act", aims to protect the terms of charitable contributions made with donor-imposed restrictions. It defines key terms such as "charitable organization", "charitable trust", "donor", "donor-imposed restriction", and "endowment agreement". The bill prohibits charitable organizations and trusts from violating the terms of such endowment agreements, except as required by law or a valid court order. It provides donors, their lineal descendants, or legal representatives the right to file a civil action within four years of discovering a breach of the agreement, though damages cannot be awarded. The bill also allows charitable organizations and trusts to seek judicial declaration of their rights and obligations under the endowment agreement. The remedies available to the court include actions consistent with the charitable purposes expressed in the agreement, but the court cannot order the return of the contribution to the donor or their representatives. The Act will become effective on July 1, 2024, and apply to endowment agreements entered into on or after that date.

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https://www.legis.ga.gov/legislation/66542