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WEKU
Stu Johnson

Kentucky Senate adopts measure to keep an eye on endowment fund donations

The Kentucky Senate has overwhelmingly approved what the bill sponsor called “The Donor Intent Act.” Pikeville GOP Senator Phillip Wheeler said the measure allows individuals who make endowment donations to a charitable group to go to court if the organization is not meeting the intent. Wheeler said he’s not pointing any fingers, saying non-profits and charitable foundations do wonderful work throughout Kentucky.

“This is merely a tool that will provide ever greater confidence in those organizations because the people will know that, if in fact, something has gone wrong, that they have a right to have their intent enforced,” said Wheeler.

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