What is a donor advised fund (DAF)?


A Donor-Advised Fund (DAF) is a tax-advantaged financial account that allows your donations to grow and gives you time to decide when to make those donations. It's a vehicle to save more on taxes and donate to charities you care about. Some even refer to it as a "401K for giving." Daffy, the Donor-Advised Fund For You™, is a modern and accessible platform for DAFs. Traditionally, DAFs have been a financial tool only available to the ultra-wealthy, but Daffy is changing that narrative. Daffy was designed to be a community, bound together by a common commitment to regularly put money aside for those less fortunate. Once you open a donor-advised fund with Daffy, you’ll begin by contributing money to your charitable fund. When you contribute cash, stocks, or crypto to your DAF, you'll be able to take an immediate tax deduction for those contributions. Those contributions are invested in a portfolio of your choice and then at any time, you can donate to over 1.5 million charities. The benefits of a DAF with Daffy are numerous. You can save, invest, and give, putting money aside any time, and watching it grow in an investment portfolio of your choice. Every contribution to your donor-advised fund is considered a tax-deductible charitable donation in the year that you make it. You can also save more with stock and crypto donations. In conclusion, Daffy is a great option for a DAF. It's a modern, accessible, and community-oriented platform that allows you to grow your donations, save on taxes, and contribute to the charities 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.

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