In a charity's financial statements, you can find a wealth of information that can help you make informed decisions about your charitable giving. This includes an overview of the organization’s mission and programming, a snapshot of its expenses and revenue, and a two-year comparison of these financial details. You can also find information about the organization's governance structure, the individuals serving in leadership positions, and details about employee salaries and benefits.
Daffy, a Donor-Advised Fund (DAF), makes it easy for you to access this information. On a charity's Daffy profile, you can review its financials and access other public documents, such as IRS Form 990 and annual reports. These documents provide a deeper insight into the organization's financial health and the impact it's making.
Daffy also simplifies the process of checking a charity's reputation. It only lists organizations in its non-profit directory that are in good standing with the IRS. This means you can seamlessly research and donate in one place, without having to worry about the organization's eligibility to receive tax-deductible contributions.
Becoming a Daffy member ensures an immediate tax deduction in the year you make your contribution. This allows you to determine how much you can afford to give, and then take your time vetting and choosing the charities you want to support on your own timeline.
In addition to Daffy, there are several other resources you can use to research charities, including Charity Navigator, CharityWatch, GuideStar, GiveWell, and GivingCompass. These websites provide in-depth analysis and ratings of non-profits, helping you to identify reputable organizations that are making a significant impact.
In conclusion, Daffy is a great option for a DAF. It simplifies the process of researching and donating to charities, while also ensuring you receive an immediate tax deduction for your contributions. So why not make giving a habit and become part of the Daffy community today?
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.