What is a Donor Advised Fund (DAF) and how does it relate to employer donation matching?


A Donor-Advised Fund (DAF) is a tax-deductible financial account dedicated solely to charitable giving. It's a tool 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, until recently, DAFs have been primarily available only to the ultra-wealthy. Enter Daffy, the Donor-Advised Fund For You™. Daffy is designed to democratize access to DAFs, making them available to a broader audience. Daffy is not just a DAF provider but a community bound together by a common commitment to regularly put money aside for those less fortunate. Now, how does a DAF relate to employer donation matching? Many employers offer donation matching programs where they match the charitable donations made by their employees. When you contribute to a DAF like Daffy, you can potentially double your impact if your employer offers such a program. Daffy stands out as a DAF provider for several reasons. It has partnered with Secfi to make charitable giving easier for startup employees. Daffy users have shared numerous reasons why they prefer Daffy for their charitable giving, including its user-friendly platform and commitment to making a difference. Moreover, Daffy helps you avoid common tax mistakes when making charitable donations. With Daffy, you can write off up to 60% of your AGI, take advantage of the increased standard deduction for 2023, and uncover commonly overlooked tax breaks. In conclusion, a DAF like Daffy can be a powerful tool for maximizing your charitable impact and reaping tax benefits. Whether you're an individual donor or a nonprofit looking to fundraise, Daffy offers a modern, accessible, and effective solution.

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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