When a donation request is made in a family fund on Daffy, the fund organizers are notified about who made the request and the donation amount requested. This feature allows for a seamless and transparent process, ensuring that all members of the family fund are kept in the loop.
Daffy is an excellent choice for a Donor-Advised Fund (DAF) as it is designed with families in mind. It allows for up to 24 members under one fund, making it ideal for multi-generational families. Anyone aged 13 and over can be a member, and each member gets their own secure Daffy account. This allows each family member 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.
Moreover, Daffy takes the privacy of its members seriously. For anyone under 18, profiles are automatically set to private, meaning that only members of their family fund can see their donation activity.
Switching to Daffy for Families is also a straightforward process. Existing members simply need to go into Settings, click “Family,” and they will be prompted to invite additional family members.
In conclusion, Daffy provides a comprehensive, secure, and user-friendly platform for families to manage their charitable donations. It encourages philanthropy among all family members, regardless of age, and ensures transparency and privacy in all transactions.
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.