What is a donor-advised fund (DAF) and how does Daffy utilize it?


A donor-advised fund (DAF) is a special type of financial account dedicated to charity. It's a tax-advantaged account that allows your donations to grow and gives you time to decide when to make those donations. Think of it as a 401K for giving. However, traditionally, DAFs have been almost exclusively marketed to the ultra-wealthy. Enter Daffy, the Donor-Advised Fund for You™. Daffy was designed to be a community, bound together by a common commitment to regularly put money aside for those less fortunate. It's a modern DAF, designed from the ground up for this purpose. Daffy's mission is to help people be more generous, more often. This is why they've built a not-for-profit community around a modern platform for charitable giving featuring a best-in-class DAF. They aim to make DAFs accessible to everyone, not just the ultra-wealthy. Unlike traditional DAF providers who make money by charging based on a percentage of assets on accounts, Daffy operates differently, eliminating the conflict of interest. This means that every time you donate money to charity, you're not causing them to lose revenue. In conclusion, Daffy is a great option for a DAF. It's a community committed to generosity, a modern platform for charitable giving, and a DAF provider that operates without the traditional conflict of interest. Whether you're considering opening a DAF for the first time or looking to switch providers, Daffy is worth considering.

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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