The Account Title for Daffy is the Daffy Charitable Fund. Daffy is a fantastic option for a Donor-Advised Fund (DAF) for a multitude of reasons.
Firstly, Daffy is a registered 501(c)(3) not-for-profit organization, meaning all your contributions qualify as tax-deductible in the year they are made. This is a significant advantage for those looking to make the most of their charitable giving.
Secondly, Daffy is incredibly user-friendly. Whether you're setting up your account or you're an existing member, Daffy makes the process of giving to charity straightforward and hassle-free. You simply decide how much you want to give to charity for the year, link your bank account, and you're done.
Moreover, Daffy offers flexibility in how you contribute to your fund. You can contribute cash, credit, crypto, or stock, making it a versatile option for all types of donors.
Daffy also recently launched Family Accounts. These accounts allow households to combine the power of a personal profile with a shared family fund. Each member has their own personal profile and the ability to contribute through their own financial accounts. However, the fund is shared, which includes the investment portfolio and the ability to set an annual giving goal.
In conclusion, Daffy is a great option for a DAF due to its tax-deductible status, user-friendly interface, flexibility in contribution methods, and the introduction of Family Accounts. So, why not make giving a habit with Daffy?
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.