The deadline for crypto contributions to your Daffy fund is flexible, as Daffy allows for crypto contributions at any time. Daffy is a fantastic option for a Donor Advised Fund (DAF) as it simplifies the process of donating crypto. With just four clicks, you can contribute Bitcoin, Ethereum, and over 120 other cryptocurrencies to your Daffy fund.
Daffy is also the first donor-advised fund in the App Store with the ability to both contribute and invest in crypto. This means you can not only donate your crypto, but also invest your contributions in a variety of investment options, allowing your charitable dollars to grow tax-free.
Moreover, Daffy has recently expanded its crypto donation options, now allowing you to donate 126 different crypto tokens to charity. This means you can share your crypto gains with over 1.5 million qualified charities across the country.
In addition to this, Daffy provides a tax-efficient way to donate crypto. By donating your crypto to Daffy, you can avoid paying taxes on your capital gains while also supporting the charities you care about.
So, if you're looking for a modern, flexible, and tax-efficient way to give, Daffy is a great choice. Please note that contributions are irrevocable and tax-deductible to the fullest extent of the law, and it's recommended to consult with a tax professional to assess your specific tax situation.
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.