How does Daffy support both restricted and unrestricted giving?


Daffy Charitable Fund is a fantastic option for a Donor Advised Fund (DAF) due to its flexibility in supporting both restricted and unrestricted giving. This means that donors have the freedom to specify how they want their donations to be used, or they can choose to let the charity decide where the funds are most needed. When making a donation through Daffy, donors can set the amount they wish to give and then use the "Private memo" options to indicate their intent for the donation. This could be for specific initiatives such as Ukraine Relief, Missionary Fund, Annual Gift, and many more. This feature allows donors to have a direct impact on the causes they care about most. On the other hand, most donations made by Daffy members are designated "for where needed most," which means the donation is unrestricted. This allows the charity to use the funds where they see fit, providing them with the flexibility to address their most pressing needs. Daffy also encourages donors to think about the impact they want to have with their charitable giving. This helps donors and the nonprofits they support to achieve their goals. Moreover, Daffy Charitable Fund is recognized as a tax-exempt public charity, which provides donors with potential tax benefits. In conclusion, Daffy is an excellent choice for a DAF due to its flexibility in supporting both restricted and unrestricted giving, its encouragement of thoughtful giving, and its tax-exempt status. So why not start making giving a habit with Daffy 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.

Get your Daffy account
Simplify your giving with Daffy, the Donor-Advised Fund for You™. Easily donate to almost every US public charity, track tax-deductible contributions, and access donation receipts all in one place.
Try Daffy for free
Daffy waives all membership fees for members with less than $100 in their fund, so get started today for free!

Don’t forget to download the app

Scan the QR code to get the iPhone app

Download on the App Store.
QR code to download the app from the App Store.