Making an initial contribution to your Daffy fund is a simple and straightforward process. It begins with "The Daffy Pledge," where you decide how much you want to give and select a frequency for your contributions - weekly, monthly, or yearly. You then link your bank account to Daffy.
The new Daffy for Web onboarding flow makes this process even easier. You can make this commitment from any device, eliminating the need to switch between daffy.org and the App Store when setting up your account.
Daffy is a registered 501(c)(3) not-for-profit organization, which means all your contributions to your fund are tax-deductible in the year they are made. This is a great advantage for those looking to make charitable contributions while also benefiting from tax deductions.
Daffy also offers flexibility in the type of contributions you can make. You can easily contribute cash, credit, crypto, or stock. Since its launch, Daffy has supported a wide range of contribution types, making it a versatile option for a donor-advised fund (DAF).
Whether you're setting up your Daffy account for the first time or you're an existing member, Daffy prompts you to answer a crucial question: How much do you want to give to charity this year? This helps you set a goal and automate your contributions, ensuring you stay committed to your giving pledge.
In conclusion, Daffy is a great option for a DAF due to its ease of use, tax benefits, and flexibility in contribution types. It's a platform that encourages generosity and makes the process of giving easier and more efficient.
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.