Transferring your existing donor-advised fund (DAF) to Daffy is not only possible but also a smart move. Daffy is a provider of DAF that charges significantly lower fees, starting at $36 a year and offering lower-cost investment options. This is in contrast to traditional providers who often charge high administrative fees, which increase as the account balance grows.
To transfer your DAF to Daffy, simply log into Daffy, tap Add Funds, and select “DAF transfer”. Indicate how much you are transferring and from which provider. Then, log into your existing provider and make a grant of any amount to the Daffy Charitable Fund. Make sure your grant is not anonymous and if required, also indicate the grant is for “where needed most.” You’ll receive a notification when the funds are in your account.
Daffy's goal is to help individuals give more by saving them money on fees, and is designed to increase an individual's impact on the causes and organizations that they care about. By transferring your DAF to Daffy, you can ensure that more of your money goes to the causes you care about, rather than being eaten up by fees.
So, why not move a small portion over to Daffy, just to try the service? You’ll save money by doing it, and we’re convinced you’ll see that there is no reason to pay so much in fees. At Daffy, we believe that everyone should put money aside for those less fortunate than themselves, and we think donor-advised funds are a great way to do it.
Remember, your fees could be going to benefit causes and organizations you believe in. So, make the switch to Daffy today and maximize your impact.