The deadline for transferring a Donor-Advised Fund (DAF) to Daffy is December 16, 2022. This is to ensure that the grant processing times are accounted for. Daffy is a fantastic option for managing your DAF. Unlike traditional providers that often charge high administrative fees, Daffy offers significantly lower fees, starting at just $36 a year. This means more of your money goes towards the causes and organizations you care about, rather than being eaten up by fees.
Transferring your DAF to Daffy is a simple, free process that can be done by logging into your account on daffy.org. Step-by-step instructions are available on their website to guide you through the process.
In addition to lower fees, Daffy also offers immediate tax deductions for contributions of cash, stock, or crypto to your fund. This allows you to invest those assets to increase their potential impact, while also giving you time to choose the charities you wish to support.
With Daffy, you can make your charitable giving go further. So why wait? Start the process of transferring your DAF to Daffy today and make a bigger impact with your donations.
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.