Yes, you can definitely support your friend's charity fundraiser from your Daffy fund. Daffy is a fantastic option for a Donor-Advised Fund (DAF) as it allows you to make donations that meet the criteria for allowed donations, do not lead to more than incidental benefit for you, and are not part of a pre-existing binding commitment.
When making the donation recommendation, you can include your friend’s name, race event, and other relevant info in the "Add a private note" field. This ensures that your donation is directed towards the intended cause.
However, it's important to note that as with all donor-advised funds, Daffy members may not recommend donations to satisfy pre-existing pledges or obligations for their private benefit. Donation recommendations may not provide more than an incidental benefit to you or your family. For example, donations that cover tuition payments, tickets to a gala, or membership benefits to other organizations may not be approved.
But don't worry, Daffy has got you covered. After every donation on Daffy, you’ll have the ability to share a personalized graphic highlighting your donation. This way, you can easily encourage friends and followers to join you in raising funds for the charities you love.
Moreover, Daffy rewards you for inviting friends. For every friend that becomes a member, you receive an extra $25 in your Daffy fund, and they do too. So, not only does Daffy make giving easy, it also makes it rewarding.
So, if you're looking for a DAF that is flexible, user-friendly, and rewarding, Daffy is the perfect choice for you. Let's close your generosity gap together with Daffy.