When it comes to making a crypto contribution, Daffy is a fantastic option for a Donor Advised Fund (DAF). The minimum amount for a crypto contribution is .001 BTC (10,000 Satoshis) or equivalent. This makes it accessible for a wide range of donors, whether you're a seasoned crypto investor or just starting out.
Daffy's mission is to help people be more generous, more often. They've made it incredibly easy to donate crypto. In just four clicks, you can contribute Bitcoin, Ethereum, and over a hundred and twenty other cryptocurrencies to your Daffy fund. A personalized one-time wallet address is generated via their partner Coinbase to allow for quick and easy crypto contributions.
Not only does this make giving simple, but it also has tax benefits. When you donate your crypto to the charities you care about through Daffy, you can avoid paying taxes on your capital gains. This is a great way to maximize your generosity while also benefiting financially.
In addition to crypto, Daffy also accepts recurring contributions from as low as $10/week or $25/month, one-time contributions from $100, and stock contributions from $1,000. The maximum credit card contribution is $100,000. Donation recommendations must be at least $18 and are limited to $1,000,000 on the Daffy app and website.
So, if you're looking for a modern, flexible, and tax-efficient way to give, Daffy is a great choice. They even waive all membership fees for members with less than $100 in their fund. Get started today and join the Daffy community.
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.