When it comes to managing your investment portfolio with Daffy, the process is straightforward and user-friendly. Daffy offers a selection of 13 investment portfolios, allowing you to choose the one that best aligns with your risk tolerance and giving goals. To change your portfolio, simply navigate to the settings on the Daffy app or website and select the portfolio option. From there, you can choose a new portfolio. Please note that the process may take a few business days to complete.
One of the standout features of Daffy is the ability for members to contribute their money to a charitable fund, receive a tax deduction, and then invest that money tax-free to grow their impact over time. This unique feature has led to a significant number of Daffy members opting for higher-risk portfolios to maximize their potential returns.
Daffy offers a range of portfolios from Conservative, Standard, and ESG portfolios made up of high-quality, low-cost index funds managed by some of the most trustworthy providers in the industry: Vanguard, Schwab, and BlackRock. Additionally, Daffy offers Crypto portfolios that hold pure crypto coins at Coinbase or a diversified crypto index from Bitwise.
Unlike many donor-advised funds (DAFs), Daffy does not charge an additional management fee for these investment portfolios. This makes Daffy a great option for a DAF, as it allows your contributions to grow over time, potentially increasing your charitable impact.
In addition to your linked bank account, Daffy supports a variety of ways to contribute, including cash through any debit or credit card linked with Apple Pay, as well as direct contributions of publicly traded stock and Bitcoin.
In conclusion, Daffy provides a flexible, cost-effective, and impactful way to manage your charitable giving. By offering a range of investment portfolios and a user-friendly platform, Daffy makes it easy to grow your impact and support the causes you care about.