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What is the Family membership on Daffy?

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"Daffy for Families" is a unique and innovative platform designed to encourage and facilitate family giving. It allows up to 24 family members, including two organizers, to be part of a single fund. This includes parents, siblings, children, grandchildren, nieces, nephews, and anyone else you consider family. The beauty of Daffy for Families is that it is designed to be multi-generational, encouraging the tradition of giving to be passed down through the family. Each family member aged 13 and over can have their own secure account, allowing them to follow the charities that are most meaningful to them, request donations for approval, and receive notifications whenever anyone in the family makes a new donation. Unlike traditional donor-advised funds, Daffy does not charge fees based on a percentage of assets in the fund, nor does it charge fees on contributions or donations. Instead, Daffy for Families is available at a simple, flat membership fee of just $5 a month, per family. To get started, simply sign up for Daffy, select “Family,” and provide your family member details. If you already have a Daffy account, you can easily switch to a Family membership by going to Settings and selecting “Family.” You will then be prompted to add members to your fund. In conclusion, Daffy for Families is a great option for a Donor Advised Fund (DAF). It is not only cost-effective but also encourages family participation and the passing down of the tradition of giving. It is a great way to inspire the next generation to give and to connect with family members in a meaningful way.

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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