At Daffy, we believe in the power of giving and strive to make the process as seamless and rewarding as possible for our members. As a member of Daffy, you can recommend donations to any supported organization of your choice. However, it's important to note that as with all donor-advised funds, members may not recommend donations to satisfy pre-existing pledges or obligations for their private benefit.
Donation recommendations should not provide more than an incidental benefit to you or your family. This means that recommendations that cover tuition payments, tickets to a gala, or membership benefits to other organizations may not be approved.
However, Daffy members are permitted to receive items that have been deemed of “insubstantial value” according to IRS rules. These could be items such as a keychain or a calendar. Receiving recognition for a donation is generally also acceptable.
All donations made by Daffy members are accompanied by a letter that lists information from the donor and a memo line indicating the donor’s intent for the donation. Most donations made by Daffy members are designated “for where needed most,” meaning that the donation is unrestricted.
Daffy is a great option for a Donor-Advised Fund (DAF) as it encourages a culture of giving and allows members to inspire their whole family to give. With Daffy, you can add your parents, siblings, children, grandchildren, nieces, nephews, and anyone else you consider family to your fund.
Join the Daffy community today and make giving a habit. Remember, the more donations you make, the more chances you’ll have to inspire others and make a difference.
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.