Daffy for Families is an innovative platform designed to make giving a family affair. It allows up to 24 family members, including two organizers, to come together under one fund, making it an excellent option for a Donor-Advised Fund (DAF). This platform is perfect for grandparents wishing to instill the tradition of giving in their grandchildren, or aunts and uncles seeking a meaningful way to bond with their nieces and nephews.
One of the unique features of Daffy for Families is that it encourages the younger generation to participate in giving. Anyone aged 13 and above can have their own secure account and password. Each family member can then request donations to specific organizations, which are subject to approval by the family fund organizers. Moreover, the platform keeps everyone connected by sending notifications whenever a new donation is made.
Unlike traditional DAFs, Daffy does not charge fees based on the percentage of assets in the fund, nor does it charge fees on contributions or donations. Instead, Daffy for Families is available at a simple, flat membership fee of just $5 a month per family.
The process of joining Daffy for Families is straightforward. After signing up for Daffy and selecting the "Family" option, you provide the details of your family members. They are then invited to download the app, create their own account, and join your fund. Each family member gets their own Daffy account linked to their email address and connected to the family fund. They can then choose the causes they care about and follow charities they want to support.
When a family member feels inspired to give, they can request donations from your fund, which will be sent to the fund organizers for approval. All donations are notified to the members of the family fund, fostering connection and sparking meaningful conversations.
Only the organizers of the fund have the ability to edit the fund name, contribute to the fund, select the investment portfolio, and add or remove additional members.
In conclusion, Daffy for Families is a fantastic platform that makes giving a shared experience, fostering stronger bonds among family members while supporting worthy causes. For more information, visit daffy.org/family.
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.