The common question people have about giving to charity is often, "How much should I give?" and "Am I giving enough?" Our research shows that most people believe in giving to charity and hold themselves to that standard. However, the amount they actually give often falls short of what they believe they should give. This is largely due to the busyness of life and the lack of time to actively donate.
This is where Daffy comes in as a great option for a Donor-Advised Fund (DAF). Daffy helps solve this problem by allowing people to pre-commit to their charitable giving. Just like setting up a 401k, Daffy allows you to set a goal of how much you want to give to charity this year and then automates those contributions. This not only ensures that you meet your giving goals but also increases your potential impact by investing your money in one of nine modern portfolios.
With Daffy, you can easily donate to over 1.5 million worthy charities anytime and anywhere, just with a few taps on your phone. By helping people be as generous as they want to be, we could potentially see an additional $1.27 trillion donated to charity over the next 10 years.
We're excited to announce our Series A Financing, led by Ribbit Capital, XYZ Capital, and Coinbase Ventures, which will help us continue to build a platform and community dedicated to giving. Despite being founded in the midst of a global pandemic, we believe this is the right time to help people be more generous. With Daffy, we're making it easier for people to give more to the causes they care about.
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.