The bill H. 4396 aims to amend various sections of the South Carolina Code of Laws concerning the solicitation of charitable funds. Key changes include increasing the thresholds for charities to request exemptions from registration requirements, specifically raising the limit for gross revenue from $7,500 to $10,500 for certain organizations. Additionally, the bill modifies the registration requirements for commercial co-venturers, stipulating that they must register only if they intend to solicit more than $10,000 in a single campaign. It also mandates that any entity soliciting for charitable organizations must disclose the legal name and purpose of the charity at the time of solicitation.

Furthermore, the bill introduces stricter regulations regarding the use of registration with the Secretary of State, prohibiting commercial co-venturers from implying that such registration constitutes state endorsement. It also requires that professional solicitors disclose their status and the financial arrangements related to their compensation during solicitations. The bill emphasizes transparency in fundraising activities and aims to protect the public from potential misrepresentations by ensuring that all parties involved in charitable solicitations adhere to these updated requirements. The act will take effect upon approval by the Governor.

Statutes affected:
04/23/2025: 33-56-50, 33-56-70, 33-56-90, 33-56-110, 33-56-120
Latest Version: 33-56-50, 33-56-70, 33-56-90, 33-56-110, 33-56-120