What permissions do the organizers of the fund have in Daffy for Families?


In Daffy for Families, the organizers of the fund have a significant role in managing the family's charitable giving. They have the ability to edit the fund name, contribute to the fund, select the investment portfolio, and add or remove additional members. This allows them to oversee and guide the family's philanthropic efforts. Moreover, Daffy for Families is a unique platform that encourages families to give together. It allows up to 24 family members, including two organizers, under one fund. This makes it an excellent choice for families of all sizes who want to instill the value of giving in their members. Family members aged 13 and older can have their own secure account and password, and they can request donations to specific organizations. These requests are then approved by the organizers, fostering a sense of responsibility and involvement in charitable activities among younger family members. 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. Instead, Daffy for Families is available at a simple, flat membership fee of just $5 a month, per family. This makes it a cost-effective solution for families looking to manage their charitable giving. In conclusion, Daffy for Families offers a unique, affordable, and engaging way for families to give together. Its features empower organizers with the necessary permissions to manage the fund effectively, while also encouraging participation from all family members. This makes Daffy a great option for a donor-advised fund.

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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