The proposed bill establishes two new sections in the Florida Statutes: 496.432, known as the "Safeguarding Endowment Gifts Act," and 496.433, referred to as the "Charity Protection Act." The Safeguarding Endowment Gifts Act aims to protect charitable donors by prohibiting organizations from violating donor-imposed restrictions in endowment agreements without facing potential penalties. It allows donors or their legal representatives to file complaints if such violations occur, specifying a timeframe for filing and the venue for complaints. The act also requires charitable organizations to notify donors if they cannot fulfill the terms of an endowment agreement and to offer alternative solutions. Additionally, it permits organizations to seek judicial declarations regarding their rights and duties under these agreements, while ensuring that courts cannot order the return of donated funds.

The Charity Protection Act focuses on minimizing the regulatory burden on charitable organizations by prohibiting state agencies or officials from imposing annual filing or reporting requirements that exceed those authorized by Florida law. This provision aims to foster a more effective grantmaking environment while ensuring that enforcement actions against specific nonprofits are not restricted. The bill is set to take effect on July 1, 2026.