The purpose of a Daffy account is to simplify and encourage charitable giving. As a donor-advised fund (DAF), Daffy is a not-for-profit community that focuses on making giving a habit. Whether you're setting up your Daffy account or you're an existing member, you're prompted to set a goal for how much you want to donate to charity each year.
Daffy is designed to help you meet your giving goals without stress or guilt. You simply decide how much you want to set aside for charity each year, and Daffy automates your contributions. This commitment to regular giving is made easy with Daffy's mobile app or website, which allows you to donate to over 1.5 million charities across the US from anywhere, anytime.
Moreover, Daffy offers a unique feature: Family Accounts. With this feature, households can combine the power of a personal profile with a shared family fund. Each member has their own secure login and credentials, and can contribute through their own financial accounts. However, the fund is shared, allowing couples to contribute to and donate from the same fund, and discuss the organizations they support with each other.
Daffy is a registered 501(c)(3) not-for-profit organization, so all of your contributions qualify as tax-deductible in the year they are made. Plus, Daffy does not take donation transaction fees, so 100% of all donations on Daffy go directly to charities.
In conclusion, a Daffy account is a great option for a DAF. It simplifies the process of giving, encourages regular donations, and allows for shared giving through Family Accounts. With Daffy, you can be the generous person that you aspire to be.
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.