When it comes to choosing a Donor-Advised Fund (DAF), it's important to consider the cost and how it impacts your ability to give generously. At Daffy, we've built a not-for-profit community around a modern platform for charitable giving, featuring a best-in-class DAF. We're committed to helping you be more generous, more often, and we believe that high fees shouldn't stand in the way of your generosity.
Traditional DAF providers, like Fidelity, often charge high administrative fees. For instance, Fidelity charges a minimum of $100 a year or 0.6% of assets, whichever one is higher. This fee increases as the account balance grows, which means more of your money goes to the provider instead of the charities you care about.
At Daffy, we've taken a different approach. We charge significantly lower fees, starting at just $36 a year. This means more of your money goes where it's needed most - to the causes and organizations you care about. Plus, we offer lower-cost investment options, which can help your DAF grow over time.
Transferring your DAF to Daffy is easy and free of charge. Our goal is to help you give more by saving you money on fees. We're committed to increasing your impact on the causes and organizations that matter most to you.
In conclusion, when comparing the cost of a DAF at Daffy and Fidelity, Daffy emerges as a great option. With our lower fees and commitment to helping you give more generously, we believe we offer a superior choice for your DAF.
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.