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What happens to a teen's profile on Daffy for Families if they are under 18?


At Daffy, we understand the importance of fostering a culture of giving within families. That's why we created Daffy for Families, a platform designed to help families give together more easily. It's a great option for a Donor-Advised Fund (DAF) that allows up to 24 family members, including two organizers, under one fund. For teenagers under 18, Daffy offers a unique and secure experience. Teens aged 13 and older can have their own account, connected to a fund organizer’s account, typically a grandparent, parent, or another adult. They can add their favorite causes and choose which charities to support. When a teen submits a donation request, the organizer(s) of the fund receive all the donation details via text or email. Once the donation requests are approved, all family members in the fund are notified. At Daffy, we prioritize the privacy of our young users. For anyone under 18, we automatically set their profiles to private. This means that only members of their family fund can see their donation activity. Unlike traditional donor-advised funds, Daffy does not charge fees based on a percentage of assets in the fund, nor does it charge fees on contributions or donations. Daffy for Families is available at a simple, flat membership fee of just $5 a month, per family. To get started, sign up for Daffy, select “Family,” and provide Family member details. Your family members will then be invited to download the app, create their own account, and join your fund. Every family member will have their own Daffy account linked to their email address and connected to the family fund. Daffy for Families is not just a platform for giving, it's a tool for teaching the next generation about the importance of philanthropy and making a 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.

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