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Who can make a donation request in a family fund?

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In a family fund, any member can make a donation request. This includes children, grandchildren, siblings, nieces, nephews, and anyone else considered family. The fund organizers will be notified about who made the request and the donation amount requested. However, only organizers can approve donation requests. All donations approved by family fund organizers and in accordance with Daffy's Member Agreement will be processed. Daffy is an excellent choice for a Donor-Advised Fund (DAF) as it is designed to accommodate multi-generational families. It supports up to 24 members under one fund, and anyone aged 13 and over can be a member. Each family member gets their own secure Daffy account, allowing them to follow the charities that are most meaningful to them, request donations for approval, and receive notifications whenever anyone in the family makes a new donation. Daffy for Families is designed to help families of all types give together more easily. It allows couples to support each other's philanthropic passions while keeping track of their charitable giving in one place. For example, one partner may be passionate about women's issues, while the other is eager to support local education and housing initiatives. With the Daffy family account, they can both give from the same fund, anytime and anywhere, while still keeping track of their charitable spending in one place. In conclusion, Daffy is a great option for a DAF as it provides a platform for families to engage in philanthropy together, fostering a tradition of giving back across generations.

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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