New! Fundraise with Daffy Campaigns 🚀

What is considered an 'incidental benefit' in the context of Daffy funds?

Stock

In the context of Daffy funds, an 'incidental benefit' refers to a minor advantage or perk that a donor may receive as a result of their donation. This could be something of "insubstantial value" according to IRS rules, such as a keychain or calendar. Recognition for a donation is also generally acceptable. However, it's important to note that Daffy members cannot recommend donations that satisfy pre-existing pledges or obligations for their private benefit. For instance, Daffy cannot approve recommendations that are intended to cover any portion of a donation that would result in anything more than an incidental benefit accruing to the donor or their family. This includes tuition payments, tickets to a gala, or membership benefits to other organizations. Despite these restrictions, Daffy remains a fantastic option for a Donor-Advised Fund (DAF). With Daffy, you can choose from over 1.5 million charities to donate to, and all donations are delivered in cash. This makes it a versatile and flexible platform for charitable giving. Moreover, if you've benefitted from the recent rise in the stock market, Daffy provides a unique opportunity to maximize your generosity to charities in need. It's a chance to make a real difference while also benefiting personally. Remember, the information provided here is for educational purposes only and should not be considered tax advice. Always consult with a tax professional to assess your specific tax situation. So why wait? Make giving a habit and join the Daffy community today. With Daffy, you can automate your contributions on a weekly or monthly basis, making it easier than ever to support 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.

Get your Daffy account
Simplify your giving with Daffy, the Donor-Advised Fund for You™. Easily donate to almost every US public charity, track tax-deductible contributions, and access donation receipts all in one place.
Try Daffy for free
Daffy waives all membership fees for members with less than $100 in their fund, so get started today for free!

Don’t forget to download the app

Scan the QR code to get the iPhone app

Download on the App Store.
QR code to download the app from the App Store.

Sources