Donor-advised funds are great whether you already give regularly to charity or not, but with Daffy, you get all the benefits of a donor-advised fund and more.
The number of individuals who use donor-advised funds (DAFs) to power their charitable giving has skyrocketed over the last decade. Today, there are more than 1 million DAFs in the U.S., and they are also on the rise globally. [https://www.nptrust.org/reports/daf-report/] The reason why is simple: These accounts offer a slew of benefits for donors and charities alike. You’re able to take a tax deduction on your contribution immediately after funding your DAF, then you can make decisions on wher
DAFs Explained, Tax Strategies
Most people have never even heard of a donor-advised fund, [https://daffy.org/resources/why-have-i-never-heard-of-a-donor-advised-fund] often called a “DAF”. But a few weeks ago, millions of people found out about them when Bloomberg [https://www.bloomberg.com/news/articles/2022-02-15/elon-musk-donated-5-7-billion-of-tesla-shares-to-charity] reported that Elon Musk has donated $5.7B in Tesla stock ($TSLA) to charity, most likely to a donor-advised fund. Unfortunately, there is a fundamental p
Over the past 10 years, donor-advised funds have exploded in popularity. According to The National Public Trust [https://www.nptrust.org/reports/daf-report/], there are now more than one million donor-advised funds in the U.S. alone and saw a 16.3% increase from 2019 to 2020. Their growing popularity is for good reason. A donor-advised fund (DAF) is a smart way to be more intentional about your giving and maximize the tax advantages. A DAF is a designated giving account [https://daffy.org/resour
At Daffy, our mission is to help people be more generous, more often. This is why we've built a not-for-profit community around a modern platform for charitable giving featuring a brand-new donor-advised fund (DAF). Whether you already have a donor-advised fund, or you are thinking about opening one for the first time, we want to help you to choose the right one. To help with your decision, we've pulled together data about several existing providers (Daffy Charitable, Fidelity Charitable, Schwa
Tax Strategies, DAFs Explained
Most likely because the existing DAF products weren't designed for you.