The bill H. 4396 aims to amend various sections of the South Carolina Code of Laws related to the solicitation of charitable funds. Key changes include increasing the thresholds for charities seeking 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.

Further amendments include the requirement for professional solicitors to disclose their status and the financial details of their compensation during solicitations. The bill prohibits commercial co-venturers from implying that their registration with the Secretary of State constitutes an endorsement by the state. Overall, these changes are designed to streamline the registration process for smaller charities while enhancing transparency and accountability in charitable solicitations. The bill 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