What steps do I need to follow to cancel a recurring donation?


Cancelling a recurring donation or contribution on Daffy is a straightforward process. Whether you're using the Daffy app or website, you can easily manage your donations and contributions. To cancel a recurring donation, visit the "Donations" tab. Your recurring donation should appear at the top under "Upcoming Donations." On the web, an option to cancel will be displayed. On the app, tap the donation for the cancel option to appear. To cancel a recurring contribution, navigate to the “Contributions” section under "My Fund in 2022”. Next, tap on “Your Recurring Contribution” and then “Cancel Recurring Contribution.” On the web version, click the paper and pencil icon on the right of the recurring contribution to get to the cancel prompt. If you wish to edit the amount, frequency, or funding source of your recurring contribution, you will have to cancel your existing contribution and then create a new one. To do this, tap or click on the “Add Funds” button. Then select from the list of contribution methods and you will be prompted to select a recurring amount and frequency. Tap or click “Recurring contribution” and choose a frequency for your recurring contribution. Finally, continue the prompts to confirm the contribution amount, frequency, and funding source. Setting up a recurring donation is also simple. Tap or click on the "Donate" button, type in the name or Tax ID of the charity into the search bar, enter your desired amount to donate, select “Schedule a recurring donation”, pick “Monthly”, “Quarterly”, or “Scheduled” for your recurring donation and select a date for your funds to be withdrawn. Complete the remaining donation prompts and submit the recurring donation. Daffy will send a donation from your fund to your selected charity on the date and frequency you selected. Remember, contributions made to donor-advised funds are irrevocable charitable donations, which is why they can qualify for an immediate tax deduction. However, in the first hour, after you schedule a contribution, you can cancel it. Daffy is a great option for a Donor-Advised Fund (DAF) because it provides a user-friendly platform that allows you to easily manage your donations and contributions. Whether you want to set up, cancel, or modify a recurring donation or contribution, Daffy makes the process simple and efficient. Plus, with Daffy, you can make a difference by supporting your favorite charities in a way that's convenient for you.

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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