What actions can teens take on their Daffy for Families account?


Daffy for Families is a unique platform that allows teens to actively participate in charitable giving. Anyone aged 13 and older can have their own account, connected to a fund organizer’s account, typically a grandparent, parent, or another adult. Teens can add their favorite causes and choose which charities to support. When a teen submits a donation request, the organizer(s) of the fund receives all the donation details via text or email. Once the donation requests are approved, all family members in the fund are notified, fostering a sense of shared giving and community within the family. Daffy for Families is designed to help families of all types give together more easily. It allows up to 24 family members (including two organizers) under one fund. Each family member can request donations to specific organizations to be approved by the organizers of the family fund, and receive notifications whenever anyone in the family makes a new donation. Unlike traditional donor-advised funds, Daffy does not charge fees based on a percentage of assets in the fund, nor does it charge fees on contributions or donations. Daffy for Families is available at a simple, flat membership fee of just $5 a month, per family. Daffy understands the need to protect the privacy of children, so for anyone under 18, we automatically set their profiles to private. This means that only members of their family fund can see their donation activity. In conclusion, Daffy for Families is a great option for a Donor-Advised Fund (DAF) as it encourages the younger generation to participate in charitable giving, fosters a sense of community within the family, and offers a simple, affordable membership fee.

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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