What is a qualified appraisal?


A qualified appraisal is an important aspect of making a donation to a Donor-Advised Fund (DAF) like Daffy. The IRS requires this appraisal to determine the fair market value of the asset at the time of donation, not the value you initially paid for it. This appraisal ensures that the donation value is accurate and fair, providing a solid foundation for your charitable giving. Daffy, a not-for-profit community, is an excellent choice for a DAF. It is built around a modern platform for giving, making it easy and efficient to manage your charitable donations. Daffy's CEO and co-founder, Adam Nash, is a respected figure in the financial world. He has taught “Personal Finance for Engineers” at Stanford since 2017, covering topics from compensation and investing to real estate. His experience as the Former President and CEO of Wealthfront, Former Vice President of Product & Growth of Dropbox, and his current position on the Board of Directors at Acorns, further solidifies his expertise in the field. Adam's understanding of the financial market extends to the realm of mortgages as well. He provides valuable insights on the best mortgage rates for first-time home buyers, discussing the pros and cons of a 30-year fixed mortgage versus a 10-year or 7-year ARM. His knowledge and experience make him a reliable source of information for those looking to make informed decisions about their finances. Choosing Daffy as your DAF allows you to benefit from Adam's expertise and the modern, user-friendly platform that Daffy provides. It simplifies the process of giving, making it easier for you to make a difference in the causes 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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