Donor-Advised Funds (DAFs) are a powerful tool for philanthropy, offering immediate tax deductions and the potential for your money to grow through investments. But one of the most significant advantages of DAFs is their ability to liquidate complex assets like stock and crypto. This is where Daffy, a leading provider of DAFs, shines.
Only a few thousand out of the 1.5 million charities in the U.S. can accept stock or crypto directly. Daffy, however, has the capabilities to liquidate these complex assets, saving charities the hassle and costs. This is a win-win situation as you save on taxes by getting the fair market value and skipping the capital gains, and you’ll make a bigger donation.
Daffy offers all the benefits of a traditional DAF and more. With Daffy, you can set a goal for how much you want to give each year, automate your contributions, set up one-time or recurring donations, and even search for local charities. Daffy also organizes all your donation receipts, making tax season a breeze. Plus, with Daffy's mobile app, you can give anywhere and anytime you're inspired to do so.
Take Jamie, for example. They used to not give as much as they’d like, but since they joined Daffy, they've automated their giving, grown their giving potential through investing in their fund, and have all their giving in one simple place for tax time.
And if you're like Taylor, who regularly gives to charity, Daffy can help you receive an immediate tax deduction for your contribution to your fund, donate complex assets like stock or crypto easily, and ditch that Excel sheet you’re using to keep track of your donations and tax savings.
By giving regularly and expanding options, Daffy benefits nonprofits by providing them a regular stream of income. Daffy makes it easy and low-cost so you can give more to the charities and causes you care about and pay less in fees.
If you’re ready to join the most modern and affordable donor-advised fund, sign-up with Daffy. Make giving a habit and be part of the Daffy community.
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.