The bill H. 4662 aims to amend various sections of the South Carolina Code of Laws to enhance the regulation of charitable organizations, particularly those that solicit or collect funds. Key amendments include increasing the reporting requirements for organizations that exceed a specified revenue threshold, which is raised from $7,500 to $10,500 in a fiscal year. Additionally, the bill mandates that contracts between charitable organizations and professional solicitors or fundraising counsel be filed with the Secretary of State at least ten days prior to solicitation activities. It also requires that any entity soliciting for charitable organizations disclose the legal name and purpose of the charity at the time of solicitation.

Further provisions include the establishment of registration requirements for commercial co-venturers and the prohibition of using registration as an endorsement by the state. The bill specifies that if a commercial co-venturer collects more than $10,000 during a solicitation campaign, they must register with the Secretary of State within thirty days. The amendments aim to increase transparency and accountability in charitable fundraising practices, ensuring that the public is better informed about the organizations soliciting their contributions.

Statutes affected:
12/17/2025: 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