The number one reason people give for not donating as much as they want to charity, according to researchers, is simply that they are too busy. Between work, home, social obligations, and the added stress of the pandemic, finding the time to donate can be a challenge. However, this is where Daffy comes in as a great option for a Donor-Advised Fund (DAF).
Daffy is designed to help bridge the gap between how much people want to give and how much they actually give. It does this by encouraging pre-commitment, a strategy that has been proven to increase charitable giving by 32%. When you sign up with Daffy, you set a goal for how much you want to donate to charity for the year. Daffy then automates these contributions, dividing them into weekly, monthly, or quarterly payments. This is known as the "Daffy Pledge".
Not only does Daffy make it easier to donate, but it also helps to increase your potential impact. Your money is invested in one of nine modern portfolios, and when you're ready to donate, Daffy's app makes it simple to give to the organizations that matter most to you. With over 1.5 million charities supported, you can donate anytime, anywhere, with just a few taps on your phone.
If everyone was able to close the 32% gap between what they want to give and what they actually give, it could result in an additional $1.27 trillion donated to charity over the next 10 years. Daffy is here to help make that happen.
We're excited to announce that we've secured $17.1M in Series A financing, led by Ribbit Capital, XYZ Capital, and Coinbase Ventures. This funding will help us continue to build our platform and community, dedicated to giving.
Join us in our mission to make charitable giving easier and more impactful. Download Daffy from the App Store, or sign up at daffy.org. Take the Daffy Pledge and invite others to do the same. Together, we can make a difference.
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.