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What is the role of a family fund in Daffy for Families?

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The role of a family fund in Daffy for Families is to foster a culture of giving within families. Daffy for Families is a unique platform that allows up to 24 family members, including two organizers, to come together under one fund. This includes parents, siblings, children, grandchildren, nieces, nephews, and anyone else considered family. The platform is designed to inspire the next generation to give. Anyone aged 13 and older can have their own secure account and password. Each family member can request donations to specific organizations, which are then approved by the organizers of the family fund. This encourages family members to actively participate in charitable giving and promotes a sense of unity and shared purpose. Unlike traditional donor-advised funds, Daffy does not charge fees based on a percentage of assets in the fund, nor does it charge fees on contributions or donations. Daffy for Families is available at a simple, flat membership fee of just $5 a month, per family. This makes it an affordable and accessible option for families looking to make a difference. The process of setting up a family fund is straightforward. After signing up for Daffy and selecting “Family,” you provide the details of your family members. They are then invited to download the app, create their own account, and join your fund. Each family member can choose the causes they care about and follow charities they want to support. Whenever a family member is inspired to give, they can request donations from your fund. In conclusion, Daffy for Families is a great option for a donor-advised fund. It encourages family members of all ages to engage in charitable giving, fosters a sense of unity, and promotes meaningful conversations about giving back. With its affordable pricing and user-friendly platform, Daffy for Families makes giving a family affair.

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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