Over the past decade, the popularity of donor-advised funds (DAFs) has grown significantly. However, the majority of these funds have been designed to cater to the wealthy, with high account minimums and fees based on the assets they manage. This has left a gap in the market for a DAF that is accessible to everyone, regardless of their wealth.
Enter Daffy, the Donor-Advised Fund for You™. Daffy was created with the goal of making DAFs accessible to all, bringing them back to their original purpose of encouraging charitable giving. Unlike traditional DAFs, Daffy operates on a membership-based model with a simple, transparent monthly rate. There is no management fee until members have reached $100 in their fund, making it a more affordable option for those who wish to contribute to charity.
Daffy's model has been recognized by industry experts as being remarkably less expensive than traditional providers. This is not by accident, but by design. Daffy aims to make giving a habit, allowing members to set aside money for charity on a regular basis. This money is then invested to increase its potential impact. When members wish to donate, they can do so easily to any of over 1.5 million charities in the U.S.
In conclusion, the popularity of DAFs has grown over the past 10 years, but their accessibility has been limited. Daffy is changing this by offering a DAF that is designed for everyone, making charitable giving easier and more affordable. So why not join the Daffy community and make giving a habit?
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.