The Daffy account is a modern platform designed to simplify and encourage charitable giving. It is a Donor Advised Fund (DAF) that allows you to automate your contributions to charity, making giving a habit rather than a sporadic activity.
With Daffy, you can easily decide how much you want to set aside for charity every year and automate your contributions through "The Daffy Pledge." This feature allows you to link your bank account and select a weekly, monthly, or yearly giving schedule. The process is made even more convenient with the new Daffy for Web onboarding flow, which allows you to set up your account from any device without having to switch between the Daffy website and the App Store.
Daffy also offers flexibility in how you contribute to your fund. You can contribute cash, credit, crypto, or stock, and all your contributions are tax-deductible in the year they are made, as Daffy is a registered 501(c)(3) not-for-profit organization.
Once you've made your contributions, you can invest them in one of Daffy's nine modern investment portfolios. When you're ready to donate, you can choose from over 1.5 million charities directly from the Daffy app or website.
In essence, Daffy is a great option for a DAF as it simplifies the process of giving, making it easier for you to meet your charitable goals. It empowers you to be more generous, more often, and takes the guilt out of not meeting your giving goals. With Daffy, you can make giving a habit and have a greater impact on the causes you 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.