Family accounts on Daffy are a fantastic way to manage your Donor-Advised Fund (DAF). They are designed to help families of all types give together more easily, making Daffy a great option for a DAF.
With a Family account, both partners can contribute to and donate from the same fund. Each member will have their own personal profile with secure login and credentials, the ability to contribute through their own financial accounts, and their own unique list of favorite charities on Daffy. The fund, however, is shared, which includes the investment portfolio, the ability to set an annual giving goal as a family, and the ability to track all donations in one easy place.
Daffy for Families is not just for couples. It's designed with plenty of room to include multi-generational families with support for up to 24 members. From grandparents who want to pass down the tradition of giving back to their grandchildren to aunts and uncles who are looking for a meaningful way to connect with their nieces and nephews, Daffy allows up to 24 family members under one fund.
Each family member will get their own account with Daffy, with access to features that will help inspire each other when you give. Family members can follow the charities that are most meaningful to them, request donations to specific organizations to be approved by the organizers of the family fund, and receive notifications whenever anyone contributes to the fund.
In conclusion, Daffy's Family accounts offer a unique and flexible way to manage your DAF, making it a great option for families of all sizes and types. Whether you're a couple looking to manage your charitable giving together, or a large family wanting to inspire each other in your philanthropic efforts, Daffy has you covered.
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.