With Daffy, you can contribute nearly any publicly traded stock to your Daffy fund. This stock is then sold, and the cash is made available in your Daffy account to donate to nearly any charity. This not only allows more money to go to charity but also provides you with a tax deduction and more time to decide which organizations to support.
The process is simple. Members can log into their Daffy account, select stock as a contribution option, and initiate a transfer from their brokerage. The stock is then liquidated and added to the fund balance once received, usually within 7-10 days.
But the benefits don't stop there. If you're unsure which organizations to support immediately, you can invest the cash in one of Daffy's portfolios to grow tax-free for future donations. Plus, at the end of the year, you'll receive a single yearly tax receipt, simplifying your tax process.
Daffy is not just a DAF provider; it's a platform that empowers you to give to the causes you care about most, in the most efficient way possible. So, if you're looking to lower your tax bill and maximize your generosity, Daffy is the perfect option for you.
Please note that the information contained in this blog post is for educational purposes only and should not be considered tax advice. To assess your specific tax situation, please consult with a tax professional.
Start your journey of simplified giving with Daffy today. With no membership fees for members with less than $100 in their fund, you can get started for free. Don't forget to download the Daffy app and start giving today.
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.