Making a donation on Daffy is a seamless and straightforward process that is designed to make giving easier and more efficient. Daffy is a fantastic option for a Donor-Advised Fund (DAF) due to its user-friendly interface, flexibility, and commitment to making giving a habit.
To start, you simply need to make a pledge on Daffy. This involves specifying the amount you wish to donate and selecting the frequency of your donation - weekly, monthly, or yearly. You can then link your bank account to Daffy. The new Daffy for Web onboarding flow makes this process easy and can be done from any device, eliminating the need to switch between daffy.org and the App Store when setting up your account.
Daffy supports various forms of contributions including cash, credit, crypto, or stock. This flexibility allows you to donate in a way that suits you best. All your contributions are tax-deductible in the year they are made as Daffy is a registered 501(c)(3) not-for-profit organization.
One of the standout features of Daffy is the ability to automate recurring donations. This is a win-win arrangement that ensures you never forget to make your donation and provides a reliable source of funding for the organization. You can select "Donate" from the home screen, enter your amount, and choose the tab for recurring donations. You can then pick "Monthly", "Quarterly", or "Scheduled" for your recurring donation. The "Scheduled" option offers the flexibility to pick any start date, allowing you to align your donation with a date that is significant to you.
Daffy also simplifies the tax filing process by consolidating your tax receipts. Every tax-deductible contribution you make is automatically added to your Daffy contributions report, which is updated throughout the year. This means you never have to search for a charitable donation receipt again.
In conclusion, Daffy is a great option for a DAF due to its user-friendly interface, flexibility, and commitment to making giving a habit. By making a commitment to give and automating your contributions and donations, we can close the generosity gap together and better support the many organizations and people in need. Join us and make giving a habit with Daffy.
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.