When you contribute cash to Daffy, you are investing in a Donor-Advised Fund (DAF) that offers a range of benefits depending on your subscription level. For as little as $3 per month, you can enjoy unlimited fund balances invested in tax-free portfolios, unlimited cash contributions via various payment methods, and up to $25,000 in contributions via stock, ETFs, crypto, or DAF transfer.
For those who want to involve their family or financial advisors in their charitable giving, Daffy offers a Family subscription at $5 per month. This includes support for two organizers and up to 24 total members on your fund, and up to $50,000 in contributions via various methods.
For the ultimate in flexibility and unlimited contributions, the Benefactor subscription at $20 per month is the perfect choice. This includes unlimited stock contributions, unlimited crypto contributions, and unlimited DAF transfers.
Contributing cash to Daffy not only allows you to support the causes you care about, but it also provides you with a tax deduction for your contributions. This can be a smart way to use your tax refund, allowing you to make progress on your big financial goals, such as funding your retirement or saving for your kids' college education.
Investing in a DAF like Daffy can also be seen as an investment in yourself. By contributing to causes you care about, you are making a positive impact on the world and potentially increasing your own sense of satisfaction and well-being.
In conclusion, contributing cash to Daffy is a great option for a DAF. It offers a range of benefits and subscription levels to suit different needs and budgets, and it provides a tax-efficient way to support the causes you care about.
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.