Always consult with a qualified professional before making any financial decisions.
If you've been wondering why you're overspending on your Donor-Advised Fund (DAF), it's likely due to the high fees traditional providers charge. These fees not only reduce the amount of money available for charities but also create a disincentive for giving.
Enter Daffy, a new provider of DAFs that aims to solve these problems. Unlike traditional providers, Daffy charges a simple, flat, and transparent monthly membership fee, similar to most successful nonprofit institutions. This means you know exactly what you're paying, and more of your money goes towards the causes you care about.
Daffy's platform is user-friendly and versatile. You can contribute money in numerous ways, including linking your bank account, using a credit or debit card, or even Apple Pay. You can also contribute stock, ETFs, or over 120 different cryptocurrencies. Once your money is in, you can invest it in nine different investment portfolios, ranging from standard Vanguard ETFs to ESG portfolios and even pure cryptocurrency portfolios.
When it comes to donating, Daffy offers you the flexibility to donate to almost any legal charity in the US, with over one and a half million organizations supported. And the best part? Daffy never charges additional fees or takes any money out from the donations you make to charitable organizations.
So, if you're looking for a better system for giving that will lower your tax bill and increase your impact, Daffy is the DAF for you. With Daffy, you can give more, pay less, and make a bigger difference. Start your DAF with Daffy today.
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.