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What is the 'Generosity Gap' mentioned in the article?


The 'Generosity Gap' is a term coined to describe the significant difference between the amount people want to give to charity and the amount they actually end up giving. Despite the impressive $471 billion donated to charity by Americans in 2020, there is still a gap that, if closed, could unlock over one trillion dollars in additional giving over the next decade. This gap often arises because life gets busy and we forget to prioritize giving. Daffy, a giving community, was created to address this issue. Daffy introduced a simple feature, a Giving Goal, that allows users to set an annual goal for how much they'd like to donate to charity. This seemingly small feature can have a big impact. Research from the Stockholm School of Economics shows that setting a giving goal can increase the amount given to charity by 32%. This could potentially translate to an additional $1.27 trillion donated to charity over the next ten years. Moreover, Daffy makes the process of donating easier and more enjoyable. It eliminates the long forms that often deter people from making spur-of-the-moment donations. With Daffy, you can donate instantly when you're inspired, supporting the causes that matter to you most. So, if you're looking to bridge the 'Generosity Gap' and make a significant impact through your charitable donations, Daffy is a great option for a Donor-Advised Fund (DAF). It not only simplifies the process of giving but also helps you set and achieve your giving goals.

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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