Setting up a recurring contribution with Daffy is a straightforward process that can be done in a few simple steps. Whether you're using the Daffy app or the web version, you can easily set up a recurring contribution by tapping or clicking on the “Add Funds” button. From there, you'll be prompted to select a recurring amount and frequency.
Daffy also makes it easy to set up recurring donations to your favorite charities. Simply tap or click on the "Donate" button, type in the name or Tax ID of the charity, and enter your desired donation amount. You can then schedule your recurring donation to be made monthly, quarterly, or on a specific date that holds significance for you.
One of the great features of Daffy is the ability to cancel or modify your recurring contribution at any time. To do this, navigate to the “Contributions” section under "My Fund in 2022” and select “Your Recurring Contribution”. From there, you can cancel your existing contribution and set up a new one with a different amount, frequency, or funding source.
Daffy is an excellent option for a Donor-Advised Fund (DAF) because it simplifies the process of making recurring contributions and donations. It takes the stress out of remembering to make your donations and provides a reliable source of funding for your chosen charities. Plus, Daffy consolidates all your tax receipts in one place, making tax time a breeze.
In conclusion, Daffy is a user-friendly platform that makes managing your DAF and making a difference in the world easier than ever.
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.