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What is the purpose of the Daffy platform mentioned in the text?


The purpose of the Daffy platform is to make charitable giving a habit. As a modern donor-advised fund (DAF), Daffy provides a unique and efficient way for individuals to contribute to their favorite causes. The platform is designed to be user-friendly and accessible, available both as an iOS app and through the Daffy website. Users can create an account, contribute to their fund through various means such as cash, credit/debit card, crypto, stock, or even transfer an existing donor-advised fund. They can then watch their contributions grow tax-free in one of Daffy's nine investment portfolios. The platform supports donations to over 1.5 million charities, making it a versatile tool for philanthropy. One of the key features of Daffy is the "Daffy Pledge", which allows users to automate their contributions. This feature addresses the common problem of people not meeting their own goals for giving due to personal and professional demands on their time. By automating contributions, Daffy makes it easier for people to give regularly and meet their philanthropic goals. Moreover, Daffy is a not-for-profit community that ensures 100% of all donations go directly to charities. The platform plans to add the ability to receive donations via ACH transfers in the near future, making it even more convenient for users to give. In conclusion, Daffy is a great option for a DAF. It is a platform that not only simplifies and encourages regular giving but also ensures that every penny donated reaches the intended charities.

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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