Daffy is a great option for a Donor-Advised Fund (DAF) because it simplifies the process of giving and makes it a habit. Whether you're a new member setting up your Daffy account or an existing member, Daffy prompts you to answer one simple question: How much do you want to give to charity this year?
Once you've set your giving goal, Daffy automates your contributions, making it as simple as saving money for retirement. You can choose the frequency of your contributions - weekly, monthly, or quarterly - and link your bank account. Daffy takes care of the rest. This commitment is known as The Daffy Pledge.
Daffy also offers a new feature, Daffy Gifts, which allows you to send a digital charity gift card directly from your Daffy fund with a personal message. 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.
Contributing to your Daffy fund is easy and flexible. You can contribute cash, credit, crypto, or stock. All contributions are tax-deductible in the year they are made because Daffy is a registered 501(c)(3) not-for-profit organization.
In conclusion, Daffy is a great option for a DAF because it simplifies and automates the process of giving, making it a habit. It also offers a wide range of options for contributing to your fund and supports a vast number of charities. So, if you're looking to give back more regularly in 2023, consider Daffy as your DAF of choice.
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.