The bill S. 203 aims to amend various sections of the South Carolina Code of Laws to allow nonprofit corporations and charitable organizations to optionally report demographic data for key leadership positions, including the executive director, chief operating officer, president, and founder. Specifically, it amends Section 33-31-202 to include provisions for reporting demographic information such as age, education, ethnicity, gender, race, salary, sex, disability status, military service, first language, and years in leadership within the articles of incorporation. Similar amendments are made to Section 33-31-1005 regarding articles of amendment and Section 33-56-30 concerning registration statements for charitable organizations.

The proposed changes provide nonprofits and charitable organizations with the flexibility to include this demographic data in their official documents, thereby promoting transparency and potentially enhancing accountability. The bill does not mandate the reporting of this information but allows organizations the option to do so, reflecting a growing trend towards inclusivity and diversity in leadership within the nonprofit sector. The act will take effect upon approval by the Governor.

Statutes affected:
01/15/2025: 33-31-202, 33-31-1005, 33-56-30
Latest Version: 33-31-202, 33-31-1005, 33-56-30