The 'Private Memo' section on Daffy is a unique feature that allows donors to communicate their intent for their donation directly to the charity. This memo is only visible to the charity, ensuring a private and direct line of communication between the donor and the recipient.
When making a donation on Daffy, donors can customize their donation by specifying how they'd like their contribution to be used. This can be done by selecting the 'use' for the donation from a menu, or if none of the categories apply, donors can select 'Other Specific Use' and write custom instructions or notes for the charity. This feature is available both on the Daffy app and website, making it accessible and easy to use for all donors.
Most donations made by Daffy members are designated “for where needed most,” meaning that the donation is unrestricted. However, the 'Private Memo' feature provides an opportunity for donors to direct their funds towards specific programs or purposes if they wish.
Daffy's commitment to facilitating clear and direct communication between donors and charities makes it a great option for a Donor-Advised Fund (DAF). By providing a platform that prioritizes donor intent and flexibility, Daffy ensures that charitable giving is a personalized and impactful experience.
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.