H.R. 2891 would allow people to transfer money directly from their individual retirement accounts (IRAs) to donor advised funds as charitable contributions. Currently, IRS rules prohibit this type of transfer, but the bill removes that restriction. This change would affect older Americans who want to donate to charity while managing their retirement savings, as well as donors who use donor advised funds to distribute charitable giving over time. The bill has no specific funding attached since it modifies existing tax rules rather than creating new spending programs. The provision would take effect immediately upon the bill's enactment.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.