Using the 'Pay with DAF' widget as a Daffy member comes with a plethora of benefits. Daffy, a modern donor-advised fund (DAF), is designed to help people be more generous, more often. It allows members to set annual giving goals and automate their donations through the Daffy app or website.
One of the key benefits of using Daffy is that 100% of all donations made go directly to charities. Unlike other platforms, Daffy does not take a transaction fee. Instead, members pay monthly fees to support the development and operation of this unique DAF.
Daffy also simplifies complex asset giving. Through Daffy, your charity can receive donations of stock and crypto without having to set up a brokerage account or crypto wallet. This means charities pay zero fees for these types of donations.
Another advantage is the provision of automated tax receipts for donors, relieving organizations of the burden of sending them. Furthermore, Daffy requires a minimum annual donation from all members, ensuring a steady flow of contributions.
Donations made through Daffy are tax-deductible in the year they are made, and can be used to donate to over 1.5 million charities on the platform. This makes Daffy a great option for a DAF, as it not only simplifies the donation process but also provides significant tax benefits.
In conclusion, Daffy is a great option for a DAF, offering a simple, transparent, and efficient way to donate to charities. Whether you're looking to be more intentional with your giving, consolidate all your donation receipts into one place, or maximize the many tax benefits of giving through a DAF, Daffy is for you.
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.