Transferring your current donor-advised fund (DAF) to Daffy is not only possible but also a great decision. Daffy offers a seamless and straightforward process for transferring all or part of your existing fund.
To do this, you simply need to log into Daffy, tap on 'Add Funds', and select 'DAF transfer'. You then indicate how much you are transferring and from which provider. After logging into your existing provider, you make a grant of any amount to the Daffy Charitable Fund. It's important to ensure your grant is not anonymous and, if required, indicate the grant is for 'where needed most'.
Once the transfer is complete, you'll receive a notification when the funds are in your account. It's that simple!
But why choose Daffy? Well, Daffy is committed to making giving a habit and believes that everyone should put money aside for those less fortunate. DAFs are a great way to do this. However, if you already have a DAF, you may be paying too much in fees. Daffy challenges you to find out how much your DAF charges you and then move a small portion over to Daffy to try the service. You'll save money by doing it, and we're convinced you'll see that there is no reason to pay so much in fees.
In fact, if you move even 0.1% of your DAF over to Daffy, we'll give a free account to every SpaceX or Tesla employee who joins this year. So why not make the switch and 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.