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 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 provisions to prevent commercial co-venturers from implying that their registration with the Secretary of State constitutes state endorsement. It requires that contracts between professional solicitors and charitable organizations be filed with the Secretary of State before solicitation begins and mandates the submission of financial reports after solicitation campaigns. The bill emphasizes transparency in fundraising activities and aims to protect the public from misrepresentation in charitable solicitations.

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