Linking your bank account or card to Daffy is a simple and straightforward process. Daffy is a registered 501(c)(3) not-for-profit organization, which means all your contributions are tax-deductible in the year they are made. This makes Daffy a great option for a Donor-Advised Fund (DAF).
To link your bank account, you just need to tell Daffy how much you want to give, select the frequency of your contributions (weekly, monthly, or yearly), and link your bank account. This can be done easily from any device, thanks to Daffy's new onboarding flow for web. This eliminates the need to switch between daffy.org and the App Store when setting up your account.
Daffy supports a variety of ways to contribute to your fund. Besides linking your bank account or using Apple Pay™, you can contribute directly with any major credit card. Daffy also supports contributions in the form of publicly-traded stock, over 120 cryptocurrencies, or even by transferring an existing donor-advised fund to Daffy.
Once you contribute to your Daffy fund, your money doesn't sit idle. Daffy invests your money so that your potential impact grows with your portfolio. Daffy provides nine different portfolios, separated into three categories: Standard, ESG, and Crypto. Each category features portfolios that range from conservative to aggressive, allowing you to pick the option that best suits your needs.
Daffy also supports the ability to donate to over 1.5 million charities. You can easily contribute and donate anytime, anywhere, across any of your devices. Daffy's database allows you to discover new charities and filter them based on your location.
In conclusion, Daffy is a great option for a DAF. It's easy to use, supports a variety of contribution methods, and allows you to increase your charitable impact by investing your contributions.
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.