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FL S1338
Bill
AI Summary
- Creates the "Safeguarding Endowment Gifts Act" allowing donors or their legal representatives to file complaints within 5 years of discovering a charitable organization violated donor-imposed restrictions in an endowment agreement
- Requires charitable organizations to notify donors within 120 days if they cannot fulfill endowment agreement terms and offer an alternative solution that closely matches the original terms
- Prohibits courts from awarding damages to donors but allows refunds only if the donor expressly reserved that right in the endowment agreement
- Creates the "Charity Protection Act" prohibiting state agencies from imposing annual filing or reporting requirements on charitable organizations that exceed those authorized by Florida law
- Takes effect July 1, 2026
Legislative Description
Charitable Giving
Last Action
CS by Rules read 1st time
2/18/2026
Committee Referrals
Rules2/11/2026
Judiciary1/28/2026
Full Bill Text
No bill text available