Donating your remaining balance to a charity before closing your Daffy account is a commendable decision. Daffy, as a registered 501(c)(3) not-for-profit organization, is designed to make charitable giving easy and efficient.
To donate your remaining balance, you can set up automatic donations to your chosen charity. You can schedule these donations monthly, quarterly, or yearly. Plus, you can even schedule a donation ahead for any date. This way, you can ensure that your remaining balance goes to the charity of your choice before you close your account.
Daffy is a great option for a Donor-Advised Fund (DAF) because it allows you to contribute in various ways. You can automatically set money aside for charity, weekly, monthly, or annually by linking your bank account. You can also make one-time contributions through Apple Pay™, with all major debit or credit cards, most publicly-traded stock, over 120 cryptocurrencies, or even transfer an existing donor-advised fund to Daffy.
Moreover, Daffy's new onboarding flow makes it easy to make this commitment from any device, eliminating the need to jump from daffy.org to the App Store when you are setting up your account.
All your contributions to your fund are still tax-deductible in the year they are made. This is because Daffy is a registered 501(c)(3) not-for-profit organization.
In conclusion, Daffy is a fantastic platform for those who want to make charitable giving a regular habit. It offers a variety of ways to contribute, making it easy for you to support the causes, communities, and organizations you care about most. So, before you close your account, consider donating your remaining balance to a charity through Daffy.
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.