Smith, Panetta Introduce Bipartisan Bill to Support Charitable Giving

April 10, 2025 Press Release Washington, DC — Today Representatives Adrian Smith (R-NE) and Jimmy Panetta (D-CA) introduced the IRA Charitable Rollover Facilitation and Enhancement Act to amend a restriction in the tax code preventing donors from making Qualified Charitable Distributions to donor-advised funds (DAFs). Current law prohibits individuals from using an IRA Charitable Rollover to contribute to a DAF. DAFs allow individuals and families to designate funds for charitable giving upfront and allocate the funds to their preferred charities over a number of years. The congressmen released the following statements: "This bill provides seniors with greater flexibility to direct their charitable giving to support the causes they believe in," said Rep. Smith . "This in turn opens the door to empower more American charities to do more good for our communities. I thank Rep. Panetta for joining me to introduce this bipartisan legislation." "Older Americans can’t use their IRA Charitable Rollovers to give through donor-advised funds,” said Rep. Panetta .  “Our bipartisan bill would fix that by allowing these rollovers to go into DAFs, giving donors the flexibility to give smarter and support a broader range of causes.  This commonsense change empowers generosity, strengthens local communities, and reflects how people actually want to give." Additional cosponsors of the legislation include Reps. Vern Buchanan (R-FL), Mike Kelly (R-PA), Terri Sewell (D-AL), Tom Suozzi (D-NY), Don Beyer (D-VA), Mike Thompson (D-CA), Nathaniel Moran (R-TX), and Kevin Hern (R-OK). Read text of the bill here . ### Issues : Taxes Ways & Means