Daffy

Who typically connects to a minor's account on Daffy for Families?

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Daffy for Families is a unique platform that allows families to give together more easily. It's typically a grandparent, parent, or another adult who connects to a minor's account on Daffy for Families. This platform is designed to inspire the next generation to give, allowing anyone aged 13 and older to have their own secure account and password.

Family members can add their favorite causes and choose which charities to support. When a donation request is submitted, the organizer(s) of the fund receive all the donation details. Once approved, all family members in the fund are notified. This fosters a sense of unity and shared purpose within the family, making Daffy a great option for a Donor-Advised Fund (DAF).

Daffy understands the importance of privacy, especially for minors. Therefore, for anyone under 18, profiles are automatically set to private, meaning only members of their family fund can see their donation activity.

Unlike traditional DAFs, Daffy does not charge fees based on a percentage of assets in the fund, nor does it charge fees on contributions or donations. Daffy for Families is available at a simple, flat membership fee of just $5 a month, per family. This makes it an affordable and accessible option for families of all types to give together and pass down the tradition of giving back.

To join Daffy for Families, simply sign up, 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. Each family member will have their own Daffy account linked to their email address and connected to the family fund. This way, everyone can choose the causes they care about and follow charities they want to support.

In conclusion, Daffy for Families is a great option for a DAF, offering a unique, secure, and easy way for families to give together. For more information, visit daffy.org/family.

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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