Bill > S3975

This bill, titled the IRA Charitable Rollover Facilitation and Enhancement Act of 2026, aims to amend the Internal Revenue Code of 1986 to allow individuals to make charitable contributions directly from their Individual Retirement Accounts (IRAs) to donor-advised funds. Currently, there's a restriction preventing such rollovers to donor-advised funds, which are accounts established by charities to allow donors to recommend grants to other public charities. This bill proposes to remove that restriction, meaning individuals will be able to transfer funds from their IRAs to these donor-advised funds as a charitable gift, effectively making it easier for them to support charitable causes directly from their retirement savings.