When a family member makes a donation request through Daffy, the fund organizers are notified about who made the request and the amount requested. However, only the organizers have the authority to approve these donation requests. This ensures that all donations are in line with the Member Agreement and are processed accordingly.
Daffy is an excellent choice for a Donor-Advised Fund (DAF) as it not only allows adults to educate their children about the causes and organizations they support, but also enables any family member to inspire their family with their giving. With Daffy for Families, every donation becomes a teachable moment, fostering a culture of generosity within the family.
Daffy is more than just a financial account. It's a community of people, families, and charities working together to give generously to those in need and inspire each other to be more generous, more often. It's a platform that makes giving a habit and encourages sharing the importance of giving with your family.
Daffy for Families is designed to accommodate multi-generational families, with support for up to 24 members under one fund. Anyone aged 13 and over can be a member, making it a great way to involve children, grandchildren, siblings, nieces, and nephews in the act of giving. Each family member gets their own secure Daffy account, allowing them to follow the charities that are most meaningful to them.
So, if you're looking for a DAF that not only helps you manage your charitable donations but also fosters a culture of giving within your family, Daffy is the perfect choice.
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.