Daffy is a Donor-Advised Fund (DAF) that allows individuals to donate to their favorite charities in a tax-efficient manner. Daffy is recognized as a tax-exempt public charity, which means that donations made to Daffy are tax-deductible to the extent allowed by law.
When you donate to Daffy, you are actually making a charitable contribution to the Daffy Charitable Fund. You can then recommend grants to any of the 1.5 million charities in the United States. Daffy delivers all donations to charities in cash, so you can choose from any of the over 1.5 million charities on Daffy.
The Daffy fund is a great option for a DAF because it is designed to make giving easy and habitual. It's like the small bank at the front of the classroom where children put their spare change every Friday. Just as the children learn about the importance of giving, Daffy helps adults make giving a regular part of their financial habits.
Daffy's mission is to help people be more generous, more often. It's a not-for-profit community of members who have the commitment to put money aside for those less fortunate than themselves. With Daffy, you can support over 1.5 million charities and find organizations and causes you care about right from your iPhone.
If you're an investor who has benefitted from the rise in the stock market, Daffy provides a rare opportunity for you to benefit personally and maximize your generosity to charities.
Join the Daffy community and make giving a habit. Remember, everyone should set something aside for those less fortunate than themselves.
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.