Daffy is a Donor-Advised Fund (DAF) that provides a simple, flexible, and tax-efficient way to give to your favorite charities.
When you contribute to Daffy, you can take your time to decide which charities to support. Daffy provides a comprehensive profile for each non-profit, including an overview of the organization’s mission, programming, expenses, and revenue. You can also access the organization's financial statements and annual reports to better understand their financial health and the impact they are making.
Moreover, Daffy helps you check the reputation of the charities you are interested in. It provides links to websites like Charity Navigator, CharityWatch, GuideStar, GiveWell, and GivingCompass, which offer in-depth analysis and ratings of non-profits.
In conclusion, Daffy not only allows you to make tax-deductible contributions but also ensures that your donations are going to reputable charities that will use your money responsibly. So, if you want to make the most impact with your donations, consider becoming a Daffy member.
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.