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What new features have been added to Daffy in the latest update?

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In the latest updates, Daffy, the Donor-Advised Fund for You, has introduced several new features that make it an even more attractive option for a DAF. As of March 2022, Daffy has added the ability to set up recurring donations, a feature that was highly requested by users. This is a critical component in building a better system for giving and is crucial for charities to have more regular donors. In addition to this, Daffy has made it possible to initially fund your account with any type of contribution and invite friends to Daffy, raising funds for your favorite charity in the process. By July 2022, Daffy had further enhanced its platform by allowing users to set a specific use for their donations, improving both the giving and tax time experience. Moreover, Daffy has seen a significant increase in donations, with a 30% rise in July, traditionally one of the slowest months for giving. This is a testament to Daffy's mission to help people be more generous more often, and its commitment to making giving an ongoing commitment rather than a seasonal activity. Daffy is available through its iOS app and website, where users can create an account, contribute to their fund through various means (cash, credit/debit card, crypto, stock, or even transfer an existing donor-advised fund), watch their contributions move tax-free in one of the nine investment portfolios, and donate to over 1.5 million charities. With these new features and its user-friendly platform, Daffy is positioning itself as a great option for a DAF, making giving easier, more flexible, and more regular.

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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