When it comes to fees, Daffy stands out as a more affordable option compared to Vanguard Charitable. A sample scenario by Axios reveals that using Vanguard Charitable can be 13 times more expensive than Daffy.
Daffy operates on a unique business model that sets it apart from traditional DAF providers like Vanguard Charitable. As a not-for-profit community, Daffy charges a simple monthly membership due, starting at just $3. This low-cost membership structure allows more of your contribution to go to charity.
In contrast, Vanguard Charitable charges two types of fees that can quickly add up. There's an investment fee for managing your assets, which varies depending on the portfolio you choose, and an annual administrative fee that starts at 0.60%.
Daffy also offers a range of modern portfolios across three different categories: Standard, ESG, and Crypto. The average expense ratio for our Standard portfolio is exceptionally low at just 0.04%.
Moreover, Daffy's app and mobile-first web experience make charitable giving a habit rather than a one-time event. The platform is designed for people who want to make regular contributions and donations.
In conclusion, Daffy offers a more affordable and flexible option for a DAF compared to Vanguard Charitable. Whether you already have a donor-advised fund or are thinking about opening one, Daffy is a great choice.