When it comes to directing your donations, Daffy offers a seamless and user-friendly experience. With Daffy, you can specify how your donation is used by including a note to the charity during the donation process. This is done through the "Private Memo" section, which is only visible to the charity. You can select the "use" for your donation from a menu, and if none of the categories apply, you can select "Other Specific Use" and write your custom instructions for the charity.
Daffy's platform is designed to make giving easy and meaningful. When setting up your Daffy account, you're prompted to answer how much you want to give to charity this year. You can then choose a recipient and the amount you'd like to gift from your fund. The recipient can choose which charity they'd like to support from over 1.5 million charities, non-profits, schools, and religious institutions supported on Daffy.
Moreover, Daffy offers a unique feature called "Daffy Gifts". This allows you to send a personal message along with your donation to the recipient's email, or you can copy the link and send it to them directly. Once they select which charity they’d like to support, Daffy will send you an email to let you know to approve it and the donation will be sent from your fund.
Daffy is a registered 501(c)(3) not-for-profit organization, meaning all your contributions to your fund are tax-deductible in the year they are made. Daffy also supports a variety of donation types including cash, credit, crypto, or stock.
In conclusion, Daffy is a great option for a Donor-Advised Fund (DAF) due to its flexibility, ease of use, and wide range of supported charities. It's a platform that truly puts the power of giving in your hands.
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.