The 'Family' level of Daffy offers a multitude of benefits that make it an excellent choice for a Donor-Advised Fund (DAF). This level is designed to support everyone's giving, allowing couples and families to easily track their charitable donations and support their individual philanthropic passions.
For instance, if one family member is passionate about women's issues and another is keen on supporting local education initiatives, Daffy allows them to both give from the same fund while keeping track of their charitable spending in one place. This feature is not only convenient but also beneficial during tax season, as all charitable contributions for the year are consolidated in one location.
Adding a partner or family member to your Daffy account is simple. You can go into your Settings and click 'Family' to add an additional member. They will receive an email invitation, and upon clicking the link, they will be asked to create their own account and then join the fund.
Daffy for Families is designed with flexibility in mind, accommodating multi-generational families with support for up to 24 members. This includes grandparents, aunts, uncles, children, grandchildren, siblings, nieces, nephews, and anyone else you consider family. Each family member will have their own account with Daffy, with access to features that inspire giving. They can follow the charities that are most meaningful to them, request donations to specific organizations, and receive notifications about the family's giving activities.
In a family fund, there are two roles available: Organizer and Family Member. Any member can make a donation request, but only organizers can approve these requests. This ensures that all donations are in line with the family's philanthropic goals and the Daffy Member Agreement.
In conclusion, Daffy for Families is a great option for a DAF, offering an easy, flexible, and inclusive platform for families to manage their charitable giving. Whether you're already a Daffy member or new to the platform, switching to Daffy for Families is a straightforward process that opens up a world of giving possibilities.
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.