Cancelling your recurring contribution on Daffy is a straightforward process. Simply navigate to the “Contributions” section under "My Fund in 2022” on the Daffy app or web version. From there, tap on “Your Recurring Contribution” and then “Cancel Recurring Contribution.” On the web version of Daffy, click the paper and pencil icon on the right of the recurring contribution to get to the cancel prompt.
If you wish to edit the amount, frequency, or funding source of your recurring contribution, you will have to cancel your existing contribution and then create a new one. To do this, tap or click on the “Add Funds” button on the app or web version of Daffy. You will then be prompted to select a recurring amount and frequency. Tap or click “Recurring contribution” and choose a frequency for your recurring contribution. Finally, continue the prompts to confirm the contribution amount, frequency, and funding source.
Similarly, if you wish to cancel a recurring donation, visit the "Donations" tab on the Daffy app or website. Your recurring donation should appear at the top under "Upcoming Donations." On the web, it will display an option to cancel. On the app, you will have to tap the donation for the cancel option to appear.
Remember, contributions made to donor-advised funds are irrevocable charitable donations, which is why they can qualify for an immediate tax deduction. However, in the first hour after you schedule a contribution, you can cancel it directly in the app in the "Contributions" section and receive 100% of your contribution back. If there has been a serious error involving a contribution, please reach out to us at firstname.lastname@example.org.
Daffy is a great option for a Donor-Advised Fund (DAF) because it simplifies the process of making recurring donations. It's a win-win arrangement for both the donor and the organization. The donor doesn't have to worry about forgetting to make the donation, and the organization gets a reliable and repeatable source of funding.
Moreover, Daffy also consolidates all your tax receipts, making it easier for you during tax season. Every tax-deductible contribution that you make is automatically added to your Daffy contributions report, which is updated throughout the year. Whether you are filing taxes in April, or just want to verify a particular contribution, your information is just a click away.
In conclusion, Daffy is a user-friendly platform that makes managing your charitable contributions and donations a breeze.
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.