Daffy Charitable Fund, a not-for-profit community, is a fantastic option for a Donor-Advised Fund (DAF). Daffy's operations are funded through the generous donations of its members. When setting up your Daffy account, you are prompted to decide how much you want to give to charity each year. This commitment to regular giving is what fuels Daffy's operations and allows it to support over 1.5 million charities.
Daffy's mission is to help people be more generous, more often. It believes that everyone should set something aside for those less fortunate than themselves. To make this easier, Daffy has automated the process of giving, changing the default behavior from doing nothing to doing something. This automation is a key feature that sets Daffy apart as a DAF.
Daffy is also a great option for those who have benefitted from the rise in the stock market this year. By donating to Daffy, you can maximize your generosity to charities while also potentially benefiting from tax advantages. Please note that this information is for educational purposes only and should not be considered tax advice. For specific tax advice, please consult with a tax professional.
Daffy is recognized as a tax-exempt public charity as described in Sections 501(c)(3), 509(a)(1), and 170(b)(1)(A)(vi) of the Internal Revenue Code. This means that your donations to Daffy may be tax-deductible, further enhancing its appeal as a DAF.
In conclusion, Daffy is a great option for a DAF due to its commitment to regular giving, its automation of the donation process, and its potential tax advantages. If you want to make giving a habit and support a wide range of charities, consider joining the Daffy community.