Foundation and endowment fund.

S.C. Code Ann. § 59-50-70
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
The board shall establish a foundation and maintain an endowment fund for the school. Effect of Amendment The 2005 amendment reprinted this section with no apparent change.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t59c050.phpFetched: 10/17/2026

Starting a business in South Carolina? South Carolina LLC guide: costs and requirements