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

# Summary of S 3975 **What the Bill Would Do** This bill would change tax rules to allow people to transfer money directly from their Individual Retirement Accounts (IRAs) to donor-advised funds (DAFs) without paying taxes on the withdrawal. Currently, IRA withdrawals are typically taxable income. A donor-advised fund is a charitable giving account where donors can recommend how their money is distributed to charities over time. **Who It Affects** The bill primarily affects IRA holders who want to make charitable donations.

It could benefit people aged 70½ and older who are already required to take withdrawals from their IRAs, as well as younger retirees looking for tax-efficient ways to give to charity. Charitable organizations and donor-advised fund sponsors would also be affected, as this could increase charitable donations flowing through these accounts. **Current Status** S 3975 was introduced by Senator Todd Young (R-IN) in the 119th Congress and is currently in committee, meaning it has not yet been voted on by the full Senate. The bill has not been enacted into law.