What is Daffy and what is its main purpose?


Daffy is a not-for-profit community and a donor-advised fund (DAF) that is revolutionizing the way we give to charities. It is designed to make giving a habit, allowing members to contribute to their Daffy funds using cash, debit/credit cards, stocks/ETFs, or crypto. With Daffy, you can donate to over 1.5 million charities across the US from anywhere, anytime using their mobile app or website. Daffy donors are proactive and intentional about their giving, setting annual donation goals. The platform simplifies the process of recurring donations, allowing donors to automate their contributions with just a few taps in the app. Donations are then disbursed regularly based on the donor's chosen schedule. One of the key advantages of Daffy is that it does not take donation transaction fees. This means that 100% of all donations made on Daffy go directly to the charities. While donations are currently sent via US Mail, Daffy plans to add the ability to receive donations via ACH transfers in the near future. Daffy's mission is to help people be more generous, more often. It operates on the principle that everyone should set something aside for those less fortunate than themselves. By automating the donation process, Daffy changes our default behavior from doing nothing to doing something, making it easier for people to give to charities and causes they care about. In conclusion, Daffy is a great option for a DAF. It not only simplifies and automates the process of giving but also ensures that every cent of your donation goes directly to the charity of your choice. With Daffy, you can make a difference in the world, one donation at a time.

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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