SB70: AN ACT relating to charitable donor intent protection.

Legislative Summary

Creates a new section of KRS Chapter 273 to define terms, to establish that charitable organizations that accept contributions pursuant to an endowment agreement must abide by the terms of the agreement, to establish that a donor or a donor’s legal representative may bring a civil action against a charitable organization that violates the terms of the agreement, to limit relief to declaratory and injunctive, and to prohibit seeking a judgment awarding monetary damages.