Daffy for Families is a unique and innovative approach to donor-advised funds (DAFs). Unlike traditional DAFs, Daffy for Families is designed to foster a culture of giving within families. It allows multiple family members to contribute to and donate from the same fund, each with their own personal profile and unique list of favorite charities. This shared fund includes the investment portfolio and the ability to set an annual giving goal, encouraging real discussions about the causes and organizations the family supports.
In terms of fees, Daffy stands out from traditional DAF providers like Fidelity Charitable, Schwab Charitable, and Vanguard Charitable. Traditional DAF providers often charge based on a percentage of assets on accounts, which can create a conflict of interest. Daffy, on the other hand, is built around a not-for-profit community, focusing on helping people be more generous, more often.
Daffy for Families is not just about giving, it's about creating a legacy of generosity. It's perfect for grandparents who want to pass down the tradition of giving back to their grandchildren, or for aunts and uncles who are looking to involve their nieces and nephews in philanthropy.
In just over a year since its launch, Daffy has already attracted thousands of users, but its vision is much bigger. Daffy envisions a world where everyone regularly sets something aside for those less fortunate, creating a community of millions.
In conclusion, Daffy for Families offers a modern, family-oriented approach to donor-advised funds, making it a great option for those looking to involve their family in charitable giving and create a lasting legacy of generosity.
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.