At Daffy, we believe in making charitable giving accessible, convenient, and cost-effective. When it comes to donor-advised funds (DAFs), we understand that the fee structure can significantly impact the amount of money that ultimately reaches your chosen charities.
Comparing Daffy with Fidelity Charitable, the largest provider of DAFs in the U.S., it becomes clear that Daffy offers a more cost-effective solution. Fidelity Charitable charges either a $100 fee or 0.6% of your assets under management, whichever is greater. This fee structure can quickly add up, especially for larger accounts.
On the other hand, Daffy operates on a membership-based model, charging a simple flat monthly membership fee starting at just $3 per month. This transparent and low-cost approach ensures that more of your money goes towards the causes you care about.
Moreover, Daffy offers a range of features designed to make giving easy and convenient. With our full-featured native mobile app, you can access your account, contribute, and donate on the go. We also support donations and investments in cryptocurrencies, allowing you to avoid capital gains tax on assets held for more than a year.
At Daffy, we're not just about helping you get a tax break. We're a community committed to setting money aside for those less fortunate. Our platform allows you to connect with friends, family, and other donors to raise awareness and funds for the causes you care about.
While Fidelity Charitable may be a better choice for those who prefer to have all their accounts in one place or are interested in expensive active mutual funds, Daffy offers a more affordable and community-oriented alternative.
Ready to save money and give more with Daffy? It's easy to transfer some or all of your Fidelity Charitable account to Daffy. Simply download Daffy or get started at Daffy.org, select 'transfer an existing donor-advised fund', tell us the provider and how much you'd like to transfer, and make a grant of any amount to Daffy Charitable Fund. We'll notify you when your funds are in your Daffy account.
Join the Daffy community today and make giving a habit.
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.