What is a Legacy Plan in Daffy?


A Legacy Plan in Daffy is a thoughtful and responsible way to ensure your charitable giving continues even after your passing. This plan allows you to name a successor or a charitable beneficiary for your account. A successor is an individual or entity you appoint to take over as an advisor on your Daffy account. This person or entity will have the authority to make donation recommendations for your Donor-Advised Fund (DAF). Daffy ensures that all successors meet their eligibility criteria, providing a secure and reliable transition of your account. Alternatively, you can select a charitable beneficiary, which is a charity or nonprofit organization that will receive the full balance of your account in the event of your passing. Daffy takes the responsibility to review the charitable beneficiary designation and make an unrestricted donation to the charitable beneficiary of the full balance of the account. Setting up a Legacy Plan with Daffy is simple. To add a successor, you just need to go to your account settings. If you'd like to add a charitable beneficiary, you can email Daffy's support team and they will set it up for you. Daffy is a great option for a DAF as it not only allows you to make a difference during your lifetime but also ensures your legacy of giving continues after you. It's a wonderful way to teach the next generation about the importance of giving, just like the tradition at the school where children bring in spare change every Friday and vote on a charity to donate to. With Daffy, you can easily set and achieve your giving goals, making it a perfect choice for those looking to give back more regularly. So, why not start your journey of giving with Daffy 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.

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