What happens to the money employees put aside for charity in Daffy for Work?


When employees choose to put aside money for charity through Daffy for Work, they are not only making a personal commitment to philanthropy but also leveraging a powerful tool for maximizing their generosity. Daffy for Work is a unique platform that transforms the traditional concept of workplace giving by offering every employee access to a personal donor-advised fund (DAF). Employees can decide how much they want to contribute to their DAF, and these contributions are immediately eligible for a charitable deduction. The money is then invested in a selection of tax-free portfolios, allowing it to grow over time. When employees feel inspired to make a donation, the funds are readily available for them to do so. Employers also have the opportunity to encourage giving by matching contributions to employee accounts or making direct contributions to these accounts. Unlike traditional charitable gift matching programs, which can often be complicated and under-utilized, Daffy for Work offers a simple and effective way for companies to demonstrate their commitment to giving. Daffy for Work is part of the broader Daffy Charitable Fund, a tax-exempt public charity recognized under Sections 501(c)(3), 509(a)(1), and 170(b)(1)(A)(vi) of the Internal Revenue Code. This means that all donations made through Daffy are delivered to charities in cash, and employees can choose from any of the over 1.5 million charities listed on Daffy. In conclusion, Daffy for Work is an excellent option for those looking to make giving a habit within their workplace. It offers a simple, powerful, and tax-efficient way to support the causes that matter most to you. So why not join the Daffy community today and start making a difference? For more information, visit daffy.org/work or contact us at support@daffy.org.

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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