Yes, investment gains in Daffy are indeed tax-free. This is one of the many reasons why Daffy is a fantastic option for a Donor Advised Fund (DAF). When you contribute your money to a charitable fund through Daffy, you receive a tax deduction. Then, you can invest that money tax-free, allowing it to grow and increase your impact over time.
Many of our members have taken advantage of this feature, choosing to invest their fund in one of our various portfolios, including Standard, Crypto, and ESG. This flexibility allows you to maximize your potential returns based on your risk tolerance and investment preferences.
In addition to the tax benefits and investment options, Daffy also offers the convenience of delivering all donations to charities in cash. This means you can choose from any of the over 1.5 million charities on Daffy, making it easier than ever to support the causes you care about.
So, if you're an investor who has benefitted from the recent rise in the stock market, consider giving a little this year to charities in need through Daffy. It's a rare opportunity to benefit personally while maximizing your generosity.
Remember, all of this information is for educational purposes only and should not be considered tax or investment advice. To assess your specific situation, please consult with a tax and/or investment professional.
Ready to make giving a habit? Join the Daffy community today.
Please note that the information contained on this page is for educational purposes only and should not be considered tax advice. Any calculations are intended to be illustrative and do not reflect all of the potential complexities of individual tax returns. To assess your specific tax situation, please consult with a tax professional.