Becoming a Daffy member offers a multitude of benefits, making it a fantastic option for a Donor-Advised Fund (DAF). Daffy was designed with the intention of helping people be more generous, more often. It provides a platform for intentional giving, consolidating all your donation receipts into one place, and maximizing the many tax benefits of giving through a DAF.
Unlike most DAFs that have high minimum fees and charge a percentage fee based on the amount of money in the fund, Daffy charges a flat, monthly membership. This ensures more of your money goes to the charities and causes you care about most. Daffy also offers high-quality, low-cost investment portfolios and doesn't charge charities any fees, ensuring they receive 100% of every donation.
Daffy simplifies complex asset giving, allowing your charity to receive donations of stock and crypto without the need for a brokerage account or crypto wallet. This means charities pay zero fees for these types of donations. Daffy also provides automated tax receipts for donors, relieving your organization of this task.
Unlike traditional DAF providers, Daffy isn't incentivized to keep contributions in members' accounts. It requires a minimum annual donation from all members, ensuring a steady flow of funds to charities.
In conclusion, Daffy is a modern, user-friendly DAF that prioritizes generosity and simplicity. It's a great option for anyone looking to make their charitable giving more efficient and impactful.
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.