A bill to amend the Internal Revenue Code of 1986 to allow charitable rollovers from individual retirement accounts to donor advised funds.

Senate Bill

S. 3975

119th Congress

A bill to amend the Internal Revenue Code of 1986 to allow charitable rollovers from individual retirement accounts to donor advised funds.

In Committee

Introduced:Mar 3, 2026

Primary Sponsor

Sponsor information unavailable

Cosponsors

0

Quick Stats

Summary

This bill would change tax law to allow people to transfer money directly from their individual retirement accounts (IRAs) to donor advised funds without paying taxes on the transfer. Currently, people can make tax-free transfers from IRAs to charities, but this option is not available for donor advised funds, which are charitable giving accounts that allow donors to recommend grants to charities over time.

Latest Action

Read twice and referred to the Committee on Finance.

Introduced3/3/2026

StatusRead twice and referred to the Committee on Finance.

ChamberSenate

Data from Congress.gov

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Vote Prediction

A bill to amend the Internal Revenue Code of 1986 to allow charitable rollovers from individual retirement accounts to donor advised funds.

This bill would change tax law to allow people to transfer money directly from their individual retirement accounts (IRAs) to donor advised funds without paying taxes on the transfer. Currently, people can make tax-free transfers from IRAs to charities, but th

Community Breakdown

Pass

0%

Fail

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0 predictions

This bill would change tax law to allow people to transfer money directly from their individual retirement accounts (IRAs) to donor advised funds without paying taxes on the transfer. Currently, people can make tax-free transfers from IRAs to charities, but this option is not available for donor advised funds, which are charitable giving accounts that allow donors to recommend grants to charities over time.

Bill Number: 3975
Introduced: 3/3/2026
Status: Read twice and referred to the Committee on Finance.

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: A bill to amend the Internal Revenue Code of 1986 to allow charitable rollovers from individual retirement accounts to donor advised funds.
Bill Number: 3975
Sponsor: No sponsor
Status: Read twice and referred to the Committee on Finance.
Introduced: 3/3/2026
Summary: This bill would change tax law to allow people to transfer money directly from their individual retirement accounts (IRAs) to donor advised funds without paying taxes on the transfer. Currently, people can make tax-free transfers from IRAs to charities, but this option is not available for donor adv

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would change tax law to allow people to transfer money directly from their individual retirement accounts (IRAs) to donor advised funds without paying taxes on the transfer. Currently, people can make tax-free transfers from IRAs to charities, but this option is not available for donor advised funds, which are charitable giving accounts that allow donors to recommend grants to charities over time.

Last updated: 3/5/2026

Key Points

Main provisions of the bill

The bill would permit tax-free charitable rollovers from IRAs to donor advised funds, which are currently not allowed under existing law.
Donor advised funds are accounts where people can deposit money for charitable purposes and then recommend which charities receive grants from the fund later.
This change would give IRA owners more flexibility in how they make charitable contributions from their retirement savings.
The bill would amend the Internal Revenue Code, which is the federal tax law that governs retirement accounts and charitable giving.

How This Impacts Americans

Potential effects on citizens and communities

This bill would primarily affect older Americans who have individual retirement accounts and want to make charitable donations. It would benefit people who prefer using donor advised funds for their charitable giving by allowing them to transfer IRA money tax-free to these funds, similar to how they can currently donate directly to charities. Charitable organizations and donor advised fund sponsors would also be affected, as this could increase the amount of money flowing into donor advised funds.

Policy Areas

No policy areas assigned yet.

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

3975, 119th Congress (2026). "A bill to amend the Internal Revenue Code of 1986 to allow charitable rollovers from individual retirement accounts to donor advised funds.". Source: Voter's Right Platform. https://votersright.org/bills/119-s-3975

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