When it comes to changing a donation recommendation on Daffy, the process is straightforward and user-friendly. You have the flexibility to cancel or modify your donation recommendation up until the point it is approved. This means you have control over your donations and can adjust them as needed. However, once the donation recommendation has been approved, it cannot be altered.
Setting up and funding your Daffy account is a simple process. Once done, you can recommend donations to any of the over 1.5 million US-based charities on Daffy. As a donor-advised fund, Daffy ensures that your money will be used for charitable purposes by approving all donation recommendations. This is done by confirming that the organization is approved by the IRS and the donation meets the criteria in Daffy's Member Agreement.
Daffy offers the option to make public or anonymous one-time or recurring donations. The minimum donation amount is $18. At the end of the year, you can download a receipt for all your charitable contributions, making tax time easier than ever.
Daffy also supports both restricted and unrestricted giving. This means you can specify how you’d like your funds distributed, allowing you to have a direct impact on the causes you care about most.
In conclusion, Daffy is a great option for a donor-advised fund. It offers flexibility, control, and a wide range of charities to choose from. Plus, it ensures your donations are used for charitable purposes and allows you to specify how your funds are distributed. If you have any questions or need further assistance, you can reach out to Daffy's support team at email@example.com.
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.