What is the suggested starting point for setting aside money for charity?


An additional $1.27 trillion dollars going to charities worldwide. That's a significant impact that could be made on countless lives and causes. So, what's the suggested starting point for setting aside money for charity? There's no one-size-fits-all answer. It depends on your personal values, financial goals, and what you can realistically afford. But remember, even small donations can add up over time. If you're unsure where to start, consider setting a goal of donating 1% of your income. This is a manageable starting point for many people and can help keep you accountable. But the key to successful charitable giving isn't just about how much you give, it's about planning for it. That's where Daffy comes in. Daffy is a Donor Advised Fund (DAF) that helps you automate your charitable giving. You set a goal for how much you want to donate each year, and Daffy divides this into weekly, monthly, or quarterly contributions. Your money is then invested in one of nine modern portfolios, helping to increase your potential impact. When you're ready to donate, Daffy makes it easy to give to over 1.5 million charities with just a few taps on your phone. This means you can donate whenever and wherever it suits you, without the hassle of going through brokers. By using Daffy, you can make giving a habit and ensure you're donating as much as you want to the causes you care about. So why not join the Daffy community today and start making a difference? Remember, every dollar counts. And with Daffy, your dollars could go even further. © 2023 Daffy Charitable Fund™. All rights reserved. Powered by Aside™

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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