There is established the Veterans’ Trust Fund of South Carolina, an eleemosynary corporation, the resources of which must be dedicated to serving the needs of South Carolina’s veterans by supporting programs, both public and private, for veterans. The Veterans’ Trust Fund may support veteran service programs by direct funding or through donation of property or services. The Veterans’ Trust Fund may supplement and augment, but shall not take the place of, services provided by state agencies.

The board of trustees for the Veterans’ Trust Fund shall carry out activities necessary to administer the fund including, but not limited to, assessing service needs and gaps, soliciting proposals to address identified needs, and establishing criteria for awarding of grants.