Yes, you can absolutely designate your donation for a specific program or purpose on Daffy. This feature is one of the many reasons why Daffy is a fantastic option for a Donor Advised Fund (DAF).
When you make a donation on Daffy, you have the option to include a note to the charity specifying how you'd like your donation to be used. This can be done either through the Daffy app or the Daffy website. On the app, you simply tap "Customize donation" on the first donation screen and look for the section titled "Private Memo." This memo will only be visible to the charity. You can then select the "use" for your donation from the menu. If none of the use categories apply, you can select "Other Specific Use" and write your custom instructions or notes for the charity. On the Daffy website, the "Private Memo" section will be on the second donation screen.
All donations made through Daffy are accompanied by a letter that lists information from the donor and a memo line indicating the donor’s intent for the donation. Most donations made by Daffy members are designated “for where needed most,” meaning that the donation is unrestricted. However, the flexibility to designate your donation to a specific cause or program is always available.
Daffy delivers all donations to charities in cash, allowing you to choose from any of the over 1.5 million charities on Daffy. This flexibility, combined with the ability to specify the use of your donation, makes Daffy a great choice for a DAF.
So, if you're looking to make a difference and want to ensure your donation is used exactly as you intend, consider Daffy as your go-to platform for charitable giving.
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.