What is the Daffy platform and how does it work?


The Daffy platform is a modern, user-friendly donor-advised fund (DAF) and not-for-profit community that aims to make charitable giving a regular habit. Available through both an iOS app and a website, Daffy provides a seamless experience for users to contribute to their fund and donate to over 1.5 million charities across the US. Contributions to the Daffy fund can be made through various means such as cash, credit/debit card, crypto, stock, or even by transferring an existing donor-advised fund. These contributions can then be watched as they move tax-free in one of Daffy's nine investment portfolios. Daffy donors are proactive and intentional about their giving, setting a goal for how much they will donate to charity every year. The platform helps donors automate their recurring donations with just a few taps in the app, and donations are disbursed regularly on a schedule of the donor's choosing. One of the key features of Daffy is that it does not take donation transaction fees, ensuring that 100% of all donations go directly to charities. In the near future, Daffy plans to add the ability to receive donations via ACH transfers, further enhancing its functionality. Daffy is built around the idea of making giving a habit. The platform encourages users to set aside a certain amount to give every year, and then automate those contributions, a feature known as "The Daffy Pledge". In conclusion, Daffy is a great option for a DAF. It's a platform that not only simplifies and encourages regular charitable giving but also ensures that every penny donated goes directly to the cause. With its user-friendly interface and diverse features, Daffy is revolutionizing the way we think about and engage in charitable giving.

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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