When it comes to liquidating stock and adding it to your fund balance, Daffy has a streamlined process that typically takes 7-10 days from the time you schedule your transfer with your brokerage. This timeline is dependent on standard processing times, but Daffy always strives to provide accurate estimates for when transactions will be completed.
Daffy is a fantastic option for a Donor-Advised Fund (DAF) because it offers a modern platform for giving, built around a not-for-profit community. The CEO and co-founder of Daffy, Adam Nash, is a seasoned financial expert who has taught “Personal Finance for Engineers” at Stanford since 2017. His experience as the Former President and CEO of Wealthfront and Former Vice President of Product & Growth of Dropbox, along with his current position on the Board of Directors at Acorns, makes him a reliable guide in the financial world.
One of the key financial principles Nash discusses is the Rule of 120, a simple guideline for asset allocation. While he acknowledges that the mathematics of asset allocation are more complex, he appreciates the rule for its ability to help people avoid common financial mistakes. The Rule of 120 encourages a balance of equities and bonds in a portfolio, which Nash believes is crucial for achieving long-term financial goals and maintaining stability in the face of market fluctuations.
In conclusion, Daffy's efficient processing times, expert leadership, and commitment to financial education make it an excellent choice for managing your DAF.