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 that these complaints can be filed in a court of general jurisdiction regardless of whether the endowment agreement reserves a right to sue. The bill also mandates that charitable organizations notify donors if they cannot fulfill the terms of an endowment agreement and offer alternative solutions. Courts are authorized to provide remedies consistent with the charitable purposes of the agreement but cannot order the return of donated funds.

The Charity Protection Act seeks to alleviate burdens on the charitable sector by preventing state agencies or officials from imposing annual filing or reporting requirements that exceed those authorized by Florida law for organizations regulated or exempted under the relevant chapter. However, this provision does not apply to state grants, contracts, or fraud investigations, nor does it restrict enforcement actions against specific nonprofit organizations. The act is set to take effect on July 1, 2026.