Establishes the Safeguarding Endowment Gifts Act; prohibits a charitable organization that accepts a contribution pursuant to a written donor-imposed restriction to violate the terms of that restriction; authorizes a donor or their legal representative to file a complaint within 3 years of discovery of the breach; requires the organization to notify the donor 90 days in advance and offer an alternative solution if the organization is unable to fulfill a term in an endowment agreement; permits the organization to obtain a judicial declaration of rights and duties expressed in an endowment agreement containing donor restrictions; permits the court to order remedies; prohibits the court to order the return of donor funds. AMENDED from 6 years to 3 years and from 30 days to 90 days notice. FURTHER AMENDED to provide for retroactive applicability to any endowment agreement entered into on or after 1/1/75.
State Name
Montana
Bill #
S.B. 134
Year Enacted
Enacted
Status
Enacted
Category
6. Oversight and Transparency
Subcategory
Donor Intent
Status Text
Enacted
Year Proposed
2025
State Taxonomy
Bill Page
https://bills.legmt.gov/#/laws/bill/2/LC1823?open_tab=sum