The bill establishes the Minnesota Volunteerism Innovation Board, which will consist of 11 voting members appointed by the governor, along with a nonvoting representative from the contractor providing administrative support. The board's responsibilities include gathering information on volunteerism, assessing the capacity of organizations to expand volunteer efforts, and administering a grant program aimed at enhancing measurable results of innovative volunteer initiatives. The board is required to report annually to the legislature and the governor on its activities, financial statements, and grant outcomes. The board is set to expire on June 30, 2030.

Additionally, the bill creates the Minnesota Volunteerism Innovation Account, which will be funded through appropriations and nonstate contributions. The account will support the board's activities and grant programs, with specific measures in place to ensure equitable distribution of grants across the state. The bill appropriates $1,000,000 for fiscal years 2026 and 2027 for these purposes, with a cap on administrative costs. Initial appointments to the board must be completed by August 1, 2025, and the first meeting is to be convened by September 1, 2025.