What is the partnership between Daffy and Coinbase?


The partnership between Daffy and Coinbase is a unique one that aims to revolutionize the way we think about charitable giving. Daffy, a highly anticipated consumer fintech company, was co-founded by veteran executive Adam Nash and veteran software engineer Alejandro Crosa. The company emerged from stealth in September 2021 with a mission to reimagine what charitable giving looks like. Daffy, which stands for the Donor-Advised Fund for You™, allows members to set aside money for charity every year, watch it grow tax-free in one of nine modern investment portfolios, and donate to more than 1.5 million charities in the US. The idea behind Daffy is simple yet powerful: what if everyone could put something aside automatically for charity, every week, every month, every quarter? The partnership with Coinbase, a leading cryptocurrency platform, brings a new dimension to this concept. It allows users to leverage the power of digital currencies for their charitable giving, potentially increasing the impact of their donations. In essence, Daffy is a donor-advised fund (DAF), a type of account that most people don't know exists. Traditionally, DAFs have been marketed to the wealthy, but Daffy aims to democratize access to this powerful tool. With Daffy, anyone can set up a DAF, decide how much they want to give per year, link their bank account, and start making a difference. In conclusion, the partnership between Daffy and Coinbase is about more than just fintech innovation. It's about making charitable giving accessible, efficient, and impactful for everyone. And with Daffy, giving has never been easier.

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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