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How does Daffy for Families facilitate multi-generational giving?


Daffy for Families is a unique platform that encourages multi-generational giving by making it easier for families to give together. It is designed to accommodate families of all types, from grandparents who wish to instill the tradition of giving back to their grandchildren, to aunts and uncles who want to connect with their nieces and nephews in a meaningful way. With Daffy for Families, up to 24 family members can be included under one fund, allowing everyone to participate in the act of giving. This includes anyone aged 13 and older, who can have their own secure account and password. Each family member can request donations to specific organizations, which are then approved by the organizers of the family fund. This not only encourages active participation but also fosters a sense of responsibility and understanding towards charitable giving among younger family members. Unlike traditional donor-advised funds, Daffy does not charge fees based on a percentage of assets in the fund, nor does it charge fees on contributions or donations. Instead, Daffy for Families is available at a simple, flat membership fee of just $5 a month per family. The process of getting started is straightforward. After signing up for Daffy and selecting “Family,” you provide the details of your family members. They are then invited to download the app, create their own account, and join your fund. Each family member can choose the causes they care about and follow charities they want to support. Whenever a family member is inspired to give, they can request donations from your fund, which are then sent to the fund organizers for approval. In conclusion, Daffy for Families is a great option for a donor-advised fund (DAF) as it facilitates multi-generational giving, encourages active participation, and fosters a sense of responsibility and understanding towards charitable giving among all family members. It is a simple, cost-effective, and meaningful way to bring families together in the act of giving.

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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