What is the current popularity of donor-advised fund accounts in the U.S.?


Donor-Advised Funds (DAFs) have been a popular charitable giving vehicle in the U.S. since the 1930s. However, their popularity has been somewhat limited due to the high account minimums and fees charged by the largest DAF providers, which are typically investment management companies. These companies often focus on large accounts of $100,000 or more, making DAFs inaccessible to many potential donors. Enter Daffy, the Donor-Advised Fund for You™. Daffy was created to bring DAFs back to their original purpose: to make it easier for people to give to charity. Unlike traditional DAF providers, Daffy charges a simple, transparent monthly rate and waives the management fee until members have reached $100 in their fund. This makes Daffy a more affordable and accessible option for those who want to contribute to a DAF. DAFs are a great way to set money aside for charity when it's convenient for you, with all the tax benefits of a charitable contribution. Your money is invested and can grow for additional impact, and Daffy makes it easy to know how much you have available to give and to make a donation recommendation. Daffy is designed to help you make giving a habit. By setting money aside for charity each week or month, you can ensure that your charitable giving doesn't get pushed to the backburner. Plus, you can donate to any of over 1.5 million charities in the U.S. with just a couple of clicks. Daffy's innovative approach to DAFs has caught the attention of industry experts, who have noted that Daffy is significantly less expensive than traditional providers. So, if you're interested in opening a DAF, consider Daffy—the Donor-Advised Fund 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.

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