At Daffy, we are committed to helping people be more generous, more often. Our not-for-profit community is built around a modern platform for charitable giving, featuring a best-in-class donor-advised fund (DAF). We aim to make the process of giving easier and more efficient for our users.
One of the key benefits of using Daffy for a DAF is our fee structure. Traditional DAF providers often charge based on a percentage of assets on accounts, which can lead to a conflict of interest. At Daffy, we prioritize your ability to give generously over our revenue.
Another advantage of Daffy is the flexibility and convenience we offer. With Daffy, you can choose how much you want to give this year, select whether you want to put money aside weekly or monthly, and we automate the rest. You can donate to your favorite causes and non-profits, all from one app. Daffy supports nearly every U.S. non-profit, giving you a wide range of options for your charitable giving.
Moreover, Daffy offers significant tax benefits. Our members saved significantly in taxes last year. When you contribute to your fund, you receive an immediate income tax deduction. There are no capital gains taxes when you contribute long-term appreciated stock or crypto, and your investment grows tax-free.
Finally, Daffy is a smart way to be more intentional about your giving and maximize the tax advantages. A DAF is a designated giving account with a public charity that allows you to make a charitable contribution to the fund, receive an immediate tax deduction, and then recommend donations from the fund over time.
In conclusion, Daffy offers a modern, flexible, and tax-efficient way to manage your charitable giving. Whether you already have a DAF or are considering opening one, Daffy is a great option to consider.
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.