Daffy is a Donor-Advised Fund (DAF) that makes it easy for you to donate appreciated stock. With Daffy, you can donate your stock, get an immediate tax deduction, and then recommend grants to your favorite charities on your own timeline.
Daffy is a great option for a DAF because it's simple, flexible, and efficient. You can donate your stock directly to Daffy, and they will handle the sale of the stock and the distribution of the funds to your chosen charities. This means you can avoid the capital gains tax, get a tax deduction, and support your favorite causes, all in one go.
In addition, Daffy offers a range of tools and resources to help you make the most of your charitable giving. You can track your donations, see the impact of your giving, and even discover new charities that align with your values.
So, if you're considering selling appreciated stock, think about donating it instead. With Daffy, you can maximize your tax benefits, balance your portfolio, and make a real difference in the world.
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.