Daffy stands out from traditional donor-advised fund (DAF) providers in several key ways. Unlike traditional DAFs, Daffy is a not-for-profit community built around a modern platform for charitable giving. This platform is designed to help people be more generous, more often, and to make the process of giving as easy and accessible as possible.
One of the main differences between Daffy and traditional DAF providers is the fee structure. Traditional DAF providers typically charge fees based on a percentage of assets in the fund, which can create a conflict of interest. Every time you donate money to charity, they lose revenue. Daffy, on the other hand, does not charge based on a percentage of assets in the fund, nor does it charge based on contributions or donations. Instead, Daffy is available at a simple, flat membership due of just $3 a month.
Daffy also offers a range of features that set it apart from traditional DAF providers. These include the ability to set a giving goal and track your progress throughout the year, link your bank account or debit/credit card to automatically set money aside for charity, and utilize a modern investment approach with 13 unique investment portfolios. Any investment gains are tax-free and increase your giving potential to support the causes you care about.
In addition, Daffy offers a mobile-first approach, allowing you to contribute, track your portfolio, and make donation recommendations directly from an iOS app. You can contribute to your Daffy fund with your bank account, Apple Pay™, all major debit or credit cards, most publicly-traded stock, over 120+ cryptocurrencies, or even transfer an existing donor-advised fund to Daffy.
With Daffy, you can also add family members to your DAF to experience giving together, and add your financial advisor to incorporate charitable giving into your larger financial plans. Plus, you'll join a community of thousands who are all working to make the world a better place.
In conclusion, Daffy offers a modern, accessible, and community-focused alternative to traditional DAF providers, making it a great option for anyone looking to up-level their 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.