When it comes to charitable giving, automation can make a significant difference. Research indicates that when individuals automate their donations, they end up giving approximately 32% more. This is a substantial increase, especially when you consider that in 2020, individuals in the US donated about $331 billion to charity. A 32% increase would mean an additional $100 billion a year for charitable organizations to work with, which could lead to a significant amount of good being done.
This is where Daffy comes in. Daffy is a Donor Advised Fund (DAF) that simplifies your giving. With Daffy, you can easily donate to almost every US public charity, track tax-deductible contributions, and access donation receipts all in one place. Daffy encourages individuals to set a goal for their annual charitable giving and then automates those contributions by dividing them into weekly, monthly, or quarterly donations. This approach not only makes giving easier but also helps individuals give more to the causes they care about.
Daffy is a great option for a DAF. It waives all membership fees for members with less than $100 in their fund, so you can get started today for free. Plus, Daffy is recognized as a tax-exempt public charity, which means your donations are tax-deductible. So why not automate your charitable giving with Daffy and see the difference it can make for the causes you care about?
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.