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S 3975
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IRA Charitable Rollover Facilitation and Enhancement Act of 2026

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

Introduced Mar 3, 2026

Latest action (Mar 3, 2026) Read twice and referred to the Committee on Finance.

Referred to
Finance Committee
Policy area
Taxation
Issues
Economy & Taxes

Summary

This bill amends the Internal Revenue Code to allow charitable rollovers from individual retirement accounts (IRAs) to donor advised funds. Currently, IRA owners are able to transfer funds directly to charities as qualified charitable distributions, but this option was not available for donor advised funds, which are charitable accounts established at nonprofits. The bill removes this restriction, allowing IRA owners to roll over retirement funds to donor advised funds, which they can then allocate to charities over time. The change is effective immediately for distributions made after enactment of the Act.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)
5 cosponsors

Actions (2)
  1. Mar 3, 2026 Read twice and referred to the Committee on Finance. · senate
  2. Mar 3, 2026 Introduced in Senate

Similar bills (6)

Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.

  • HR 2891 — IRA Charitable Rollover Facilitation and Enhancement Act of 2025 · Introduced Apr 10, 2025 · Cong. 119 90%
  • S 3352 — Retirement Rollover Flexibility Act · Introduced Dec 4, 2025 · Cong. 119 70%
  • HR 8783 — To amend the Internal Revenue Code of 1986 to exclude from gross income charitable distributions from certain employer-sponsored retirement plans, and for other purposes. · Introduced May 13, 2026 · Cong. 119 66%
  • HR 6450 — Retirement Rollover Flexibility Act · Introduced Dec 4, 2025 · Cong. 119 66%
  • S 4511 — A bill to amend the Internal Revenue Code of 1986 to exclude from gross income charitable distributions from certain employer-sponsored retirement plans, and for other purposes. · Introduced May 13, 2026 · Cong. 119 65%
  • HR 6324 — Retirement Simplification and Clarity Act · Introduced Nov 28, 2025 · Cong. 119 60%

Full text

IN THE SENATE OF THE UNITED STATES

March 3, 2026

Mr. Young (for himself, Mr. Bennet, Mr. Lankford, Ms. Cortez Masto, and Ms. Cantwell) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

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

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the “IRA Charitable Rollover Facilitation and Enhancement Act of 2026”.

SEC. 2. REPEAL OF RESTRICTION ON CHARITABLE ROLLOVERS FROM INDIVIDUAL RETIREMENT ACCOUNTS TO DONOR ADVISED FUNDS.

(a) In General.—Section 408(d)(8)(B)(i) of the Internal Revenue Code of 1986 is amended by striking “or any fund or account described in section 4966(d)(2)”.

(b) Effective Date.—The amendment made by this section shall apply to distributions after the date of the enactment of this Act. <all>

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