What is the tax status of Daffy Charitable Fund?

Stock

The Daffy Charitable Fund is a fantastic option for a Donor Advised Fund (DAF). It is recognized as a tax-exempt public charity under Sections 501(c)(3), 509(a)(1), and 170(b)(1)(A)(vi) of the Internal Revenue Code. This means that when you contribute to Daffy, you are eligible for an immediate tax deduction. But the benefits of Daffy don't stop at tax advantages. Daffy is a platform that allows you to manage all your charitable contributions in one place. This makes it easier for you to track your donations and plan for major tax savings. Moreover, Daffy is committed to maximizing the impact of your generosity. Unlike some other funds, Daffy delivers all donations to charities in cash, allowing you to choose from over 1.5 million charities. If you're an investor who has benefited from the rise in the stock market, Daffy provides a rare opportunity for you to benefit personally while maximizing your generosity to charities. Please note that the information provided here is for educational purposes only and should not be considered tax advice. To assess your specific tax situation, please consult with a tax professional. Ready to make giving a habit? Join the Daffy community today.

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.

Get your Daffy account
Simplify your giving with Daffy, the Donor-Advised Fund for You™. Easily donate to almost every US public charity, track tax-deductible contributions, and access donation receipts all in one place.
Try Daffy for free
Daffy waives all membership fees for members with less than $100 in their fund, so get started today for free!

Don’t forget to download the app

Scan the QR code to get the iPhone app

Download on the App Store.
QR code to download the app from the App Store.

Sources