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How do the largest donor-advised funds in the country operate?


Contributions to Daffy Charitable Fund are tax-deductible to the fullest extent allowed by law. Donor-advised funds have been a part of the American philanthropic landscape since the 1930s, designed to encourage charitable giving by allowing individuals to contribute assets into a tax-advantaged account, invest those assets for potential growth, and then choose a specific charity for their donations. However, the largest donor-advised funds in the country, such as Fidelity Charitable, Schwab Charitable, and Vanguard Charitable, are supported by investment management companies that charge a fee on the assets they manage. This business model has led these firms to focus on large accounts of $100,000 or more, making them inaccessible to many potential donors. Enter Daffy, the Donor-Advised Fund for You™. Daffy was created to bring the donor-advised fund back to its original purpose: to make it easier for people to give to charity. Unlike traditional donor-advised funds, Daffy operates on a membership-based model with a simple, transparent monthly rate. There is no management fee until members have reached $100 in their fund, making Daffy a more affordable option for those who wish to give. Daffy allows you to set aside money for charity when it's convenient for you, with all the tax benefits of a charitable contribution. Your money is invested for potential growth and additional impact. And when you're ready to give, Daffy makes it easy to know how much you have available and to make a donation recommendation. With Daffy, giving to charity becomes a habit rather than an afterthought. By allocating money to your charitable fund each week or month, you're proactively setting aside funds for charity. And when you're ready to donate, you can choose from over 1.5 million charities in the U.S. with just a few clicks. Join the Daffy community today and make giving a habit.

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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