Daffy offers a unique solution to the high fees charged by traditional providers of Donor-Advised Funds (DAFs). Unlike traditional providers who charge fees based on a percentage of assets, Daffy uses a simple, flat, and transparent monthly membership fee. This approach not only ensures more money goes to charities but also eliminates the disincentive against giving that is inherent in the traditional fee structure.
Daffy's platform is user-friendly and versatile, allowing you to contribute money in various ways, invest it in multiple portfolios, and donate to almost any legal charity in the US. Importantly, Daffy does not charge any additional fees or take any money out from the donations.
For instance, a DAF account at Daffy costs just $240 a year, compared to $600 a year at Vanguard for a similar account. This means that by choosing Daffy, you can save significantly on fees and ensure more of your money goes to the causes you care about.
Daffy's innovative approach to DAFs makes it a great option for anyone looking to maximize their charitable giving while minimizing costs. So, if you're looking for a better system for giving that will lower your tax bill and increase your impact, consider opening a DAF with Daffy today.
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.