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How can I remain consistent about giving during a recession?

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In the face of a recession, maintaining a consistent giving habit can be challenging. However, with Daffy, a Donor Advised Fund (DAF), you can ensure that your charitable giving remains steady, even during times of financial hardship. By setting aside a certain amount of money into your Daffy DAF every month, you automate the process of giving. This ensures that there is always money available for the organizations and causes you care about. Moreover, Daffy allows you to pre-fund your DAF with multiple years' worth of giving. This strategy can help you prepare for bad markets and recessions, ensuring that there is always money available for your chosen causes. We've seen this strategy work effectively among our Daffy members. Despite the market correction, we've seen donations increase by about 30%. This is because our members had already set aside money for giving. So, if you want to ensure that you have money to give to the causes you care about in good markets and bad, automate your giving by putting money aside into a DAF like Daffy. Remember, the information contained here is for educational purposes only and should not be considered tax advice. For specific tax advice, please consult with a tax professional. Simplify your giving with Daffy, the Donor Advised Fund for You™. With Daffy, you can easily donate to almost every US public charity, track tax-deductible contributions, and access donation receipts all in one place. Daffy waives all membership fees for members with less than $100 in their fund, so get started today for free! Don’t forget to download the Daffy app to manage your giving on the go. Related answers: - Why You're Overspending on Your Donor-Advised Fund - What is a Donor-Advised Fund? - What is the rule of 120? - What are the best charities to donate to 2022? - How do I transfer a DAF? - Why donating Stock is even better than cash - Should I use a robo adviser? - How to Donate Stock - FinTech for Charity: Closing the Trillion Dollar Generosity Gap For any questions, feel free to contact Daffy Support.

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.

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Simplify your giving with Daffy, the Donor-Advised Fund for You™. Easily donate to almost every US public charity, track tax-deductible contributions, and access donation receipts all in one place.
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Daffy waives all membership fees for members with less than $100 in their fund, so get started today for free!

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