The bill S. 715 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, it modifies the requirements for professional solicitors and commercial co-venturers, stipulating that they must register with the Secretary of State if they intend to solicit more than $10,000 during a campaign. The bill 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 on 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 provide detailed financial disclosures upon request and file joint financial reports after solicitation campaigns. The proposed amendments aim to enhance transparency and accountability in charitable fundraising activities while easing some regulatory burdens for smaller organizations. The act will take effect upon approval by the Governor.

Statutes affected:
12/10/2025: 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