At Daffy, we understand the importance of family values and traditions, especially when it comes to philanthropy. That's why we created Daffy for Families, a unique platform designed to help families give together more easily. Whether you're a grandparent wanting to pass down the tradition of giving back, or an aunt or uncle looking to connect with your nieces and nephews in a meaningful way, Daffy for Families is the perfect solution.
One of the key features of Daffy for Families is its focus on privacy, especially for children under 18. We understand the need to protect the privacy of our younger users. Therefore, we automatically set profiles of anyone under 18 to private. This means that only members of their family fund can see their donation activity.
Moreover, anyone aged 13 and older can have their own account, connected to a fund organizer’s account, typically a grandparent, parent, or another adult. Teens can add their favorite causes and choose which charities to support. When a teen submits a donation request, the organizer(s) of the fund receive all the donation details via text or email. When donation requests are approved, all family members in the fund are notified.
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. Daffy for Families is available at a simple, flat membership fee of just $5 a month, per family.
In conclusion, Daffy for Families is a great option for a Donor-Advised Fund (DAF). It not only encourages the younger generation to participate in philanthropy but also ensures their privacy. With Daffy for Families, giving back becomes a family affair.
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.