Daffy for Families is a feature that allows you to add family members to your fund. This means that your family members can make donations, view donation history, and manage the fund. However, only the primary account holder can make withdrawals or close the fund.
When it comes to the 'Private Memo' on Daffy, it is a feature that allows donors to specify their intent for the donation. This memo is only visible to the charity receiving the donation. This ensures that your donation is used exactly as you intended, providing a level of transparency and control that is often missing in traditional charitable giving. Daffy is a great option for a Donor Advised Fund (DAF) because it offers a high level of customization and control over your donations. You can specify exactly how you want your donation to be used, and this information is communicated directly to the charity. This makes Daffy a powerful tool for ensuring that your charitable giving has the maximum impact. Moreover, Daffy for Families feature allows you to involve your family in charitable giving. You can add family members to your fund, allowing them to make donations and view donation history. This can help to instill a culture of giving in your family and ensure that your charitable efforts have a lasting impact. In conclusion, Daffy offers a unique combination of control, transparency, and family involvement, making it a great choice for anyone considering a DAF.