What is the purpose of the Daffy account?


The purpose of the Daffy account is to make charitable giving a habit. Daffy is a donor-advised fund (DAF) and a not-for-profit community that is focused on helping people be more generous, more often. When setting up a Daffy account, members are prompted to set a goal for how much they want to donate to charity each year. This proactive and intentional approach to giving is what sets Daffy apart. With Daffy, members can contribute to their funds using cash, debit/credit cards, stocks/ETFs, or crypto, and can donate to more than 1.5 million charities across the US from anywhere, anytime with our mobile app or website. Daffy also helps donors automate their recurring donations with a few taps in our app, and donations are disbursed regularly on a schedule of their choosing. One of the unique features of Daffy is the Family account. With this, both partners can contribute to and donate from the same fund, each with their own personal profile and unique list of favorite charities. The fund, however, is shared, which includes the investment portfolio and the ability to set an annual giving goal. Daffy is a registered 501(c)(3) not-for-profit organization, so all contributions to your fund are tax-deductible in the year they are made. Daffy does not take donation transaction fees, so 100% of all donations on Daffy go to charities. In conclusion, a Daffy account is a great option for a DAF. It is designed to make giving a habit, it offers flexibility in how you can contribute to your fund, it allows you to donate to a wide range of charities, and it ensures that all your donations go directly to the charities you choose.

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.

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