Daffy Charitable Fund is a donor-advised fund (DAF) that is committed to ensuring that donations are used effectively by charities. Daffy has a unique approach to delivering donations - all donations are given to charities in cash. This allows donors to choose from any of the over 1.5 million charities on Daffy, providing a wide range of options for donors to support causes they care about.
When a donation is made through Daffy, it is accompanied by a letter that lists information from the donor and a memo line indicating the donor’s intent for the donation. Most donations made by Daffy members are designated “for where needed most,” meaning that the donation is unrestricted. This gives charities the flexibility to use the funds where they are most needed, ensuring that the donations are used effectively.
Daffy is not just a platform for making donations, it is a community of members who are committed to making giving a habit. Daffy encourages its members to set aside money for those less fortunate than themselves, fostering a culture of generosity and regular giving.
Daffy also offers a unique opportunity for investors who have benefitted from the rise in the stock market to maximize their generosity to charities. By donating stocks or ETFs to Daffy, investors can potentially reduce their tax liability while supporting the causes they care about.
In conclusion, Daffy is a great option for a DAF. It offers a simple and effective way to donate to charities, provides a wide range of options for supporting different causes, and fosters a culture of regular giving. Whether you are an investor looking to give back or someone who simply wants to make a difference, Daffy can help you make your donations count.