When it comes to making a difference through charitable giving, Daffy stands out as an excellent option for a Donor-Advised Fund (DAF). The minimum donation amount on Daffy is just $18, making it accessible for a wide range of donors. The maximum donation size is $1,000,000 through the Daffy app and website, but for those interested in making a donation of over $1,000,000, Daffy provides personalized support.
Daffy is designed to help people be more generous, more often. It offers a simple and transparent membership pricing structure, unlike most DAFs that charge high minimum fees and a percentage fee based on the amount of money in the fund. Daffy charges a flat, monthly membership fee, ensuring more of your money goes to the charities and causes you care about most.
Moreover, Daffy offers high-quality, low-cost investment portfolios and doesn't charge charities any fees, so they always receive 100% of every donation. This means your generosity goes further with Daffy.
The platform also offers a unique feature called "The Daffy Pledge." This allows you to set how much you want to give to charity each year, select a frequency (weekly, monthly, or yearly), and link your bank account. This commitment can be made from any device, making it easy and convenient to give regularly.
In addition, all contributions to your Daffy fund are tax-deductible in the year they are made, as Daffy is a registered 501(c)(3) not-for-profit organization. This means you can also benefit from tax advantages while supporting the causes you care about.
In conclusion, Daffy offers a flexible, accessible, and efficient way to manage your charitable giving. Whether you're looking to be more intentional with your giving, consolidate all your donation receipts into one place, or maximize the many tax benefits of giving through a DAF, Daffy is a great choice.
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.