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


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.

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