Who can use Daffy for Families?


The answer is simple: anyone who wants to inspire a culture of giving within their family. Daffy for Families is designed to make giving a family affair. Once you sign up, you can add your parents, siblings, children, grandchildren, nieces, nephews, and anyone else you consider family to your fund. This way, you can inspire your whole family to participate in charitable giving. Unlike traditional donor-advised funds (DAFs), 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 Daffy a great option for a DAF. With Daffy for Families, up to 24 family members (including two organizers) can be part of one fund. Anyone aged 13 and older can have their own secure account and password. Each family member can request donations to specific organizations to be approved by the organizers of the family fund, and receive notifications whenever anyone in the family makes a new donation. The process is simple. Sign up for Daffy, select “Family,” and provide family member details. Your family members will then be invited to download the app, create their own account, and join your fund. Every family member will have their own Daffy account linked to their email address and connected to the family fund. Family members can choose the causes they care about and follow charities they want to support. Whenever a family member is inspired to give, they can request donations from your fund which will be sent to the fund organizers for approval. Members of the family fund will receive in-app notifications and emails of all donations to inspire connection and dinner-time conversations. Only organizers of the fund will be able to edit the fund name, contribute to the fund, select the investment portfolio, and add or remove additional members. In conclusion, Daffy for Families is a great way to bring your family together through the act of giving. It's not just about donating money, it's about creating a legacy of generosity that can be passed down through 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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