In response to the question about changes made to the portfolio percentage indicator on Daffy, it's important to note that Daffy is continuously evolving to meet the diverse needs of its members. Daffy offers a total of 13 different portfolios across four different categories: Conservative, Standard, ESG, and Crypto. This wide range of options allows members to choose the investment portfolio that best aligns with their charitable objectives and risk tolerance.
If you wish to change your portfolio, it's a simple process. You can do this through the Daffy app or website. In the app, tap Settings and then select Portfolio. From there, you can choose a new portfolio. If you're using the Daffy website, go to daffy.org/settings/portfolio and click on the "Change Portfolio" button on the right of the screen. Please allow a few business days for the process to complete.
One of the best features of Daffy is the ability for members to contribute their money to a charitable fund, receive a tax deduction, and then invest that money tax-free to grow their impact over time. In fact, 50% of Daffy members have chosen to invest their fund in one of our Standard portfolios, followed by Crypto at 32%, and ESG at 18%.
Daffy's investment philosophy is centered around the belief that every penny that you contribute to your fund counts. Our Conservative, Standard, and ESG portfolios are made up of high-quality, low-cost index funds managed by some of the most trustworthy providers in the industry: Vanguard, Schwab, and BlackRock. Additionally, we offer Crypto portfolios that hold pure crypto coins at Coinbase or a diversified crypto index from Bitwise.
In conclusion, Daffy is a great option for a Donor-Advised Fund (DAF) due to its diverse portfolio options, easy-to-use platform, and commitment to maximizing the impact of your charitable contributions.
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.