A bill for an act concerning the use of moneys in the county endowment fund for charitable organizations located in this state.

HF 693 restricts grants from Iowa's county endowment funds to charitable organizations physically located within Iowa. Currently, these funds (partially funded by gambling tax revenue) distribute 75% of moneys as grants to charitable organizations in the county; the bill narrows the definition of "charitable organization" to only those operating in-state, excluding out-of-state groups. It also updates a probate code provision about charitable organizations obtaining property via affidavit, but this change is not restricted to in-state organizations. The bill directly affects county funds managing these grants and qualifying charities seeking funding. The key change is limiting eligibility for grants to Iowa-based charities only.