Is the contribution of crypto to Daffy irrevocable?


Yes, the contribution of crypto to Daffy is indeed irrevocable. This means that once you contribute Bitcoin, Ethereum, or any of the over 120 other cryptocurrencies that Daffy supports, it becomes a part of your Daffy fund. This is done through a simple process where you click on the crypto button while making a one-time contribution in the app, generating a personalized one-time wallet address via our partner Coinbase for quick and easy crypto contributions. What sets Daffy apart from traditional donor-advised funds like Fidelity, Schwab, and Vanguard is our modern technology platform. We were one of the first donor-advised funds to offer investment in pure crypto portfolios, and this option has proven to be incredibly popular with our members. Once your crypto is contributed to Daffy, it is liquidated and invested into your choice of one of nine modern portfolios, including three crypto portfolio options. Moreover, we have improved these portfolios by removing the need for a specific cash allocation. This means that as much of your contributions as possible are invested in crypto and held safely with Coinbase Institutional. A significant advantage of Daffy is that when you contribute cash, stock, or crypto to your fund, you're able to take an immediate tax deduction for those contributions. You can then invest those assets to increase potential impact and take your time to pick charities to support. So, don't miss this opportunity to make year-end contributions, maximize your 2021 tax deductions, and increase your generosity to charities. Initiate your crypto wallet transfer ASAP, so it is cleared by the specified blockchain by December 31st. Daffy is not just a donor-advised fund; it's a community. If you're looking for a new gig, we're always looking for talented people to help us make giving a habit. Join us and be part of the Daffy community!

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.

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