Having a Daffy account comes with a plethora of benefits that make it a fantastic option for a donor-advised fund (DAF). Daffy is a modern DAF and community designed to help people be more generous, more often. Members can set annual giving goals and automate their donations through the Daffy app and website.
One of the key benefits of Daffy is that 100% of all donations made on the platform go directly to charities. Daffy does not take a transaction fee, instead, members pay monthly fees to support the development and operation of this unique DAF.
Daffy also simplifies complex asset giving. Through Daffy, charities can receive donations of stock and crypto without having to set up a brokerage account or crypto wallet to accept these funds. Importantly, charities pay zero fees for these types of donations.
Another advantage is that Daffy provides automated tax receipts for donors, relieving organizations from the burden of sending them. Unlike traditional DAF providers, Daffy isn't incentivized to keep contributions in members’ accounts. Instead, Daffy requires a minimum annual donation from all members.
Daffy also offers Family Accounts. With these, households can enjoy the power of a personal profile combined with a shared family fund. Both partners can contribute to and donate from the same fund, each having their own personal profile and unique list of favorite charities on Daffy.
In conclusion, Daffy is a one-stop shop for all your giving, adding huge value to both your own experience and the charities you want to help. It's the best donation app for charitable giving, making it a great option for a DAF.
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.