When it comes to donor-advised funds (DAFs), Daffy stands out as a unique and cost-effective option. Unlike traditional DAF providers like Fidelity Charitable, Schwab Charitable, and Vanguard Charitable, Daffy operates on a not-for-profit basis, with a mission to help people be more generous, more often.
Traditional DAF providers often charge fees based on a percentage of assets in the account, which can create a conflict of interest. Every time you donate money to charity, they lose revenue. Daffy, on the other hand, charges a flat, monthly membership fee. This means more of your money goes directly to the charities and causes you care about most.
Daffy also offers high-quality, low-cost investment portfolios and doesn't charge charities any fees, ensuring they receive 100% of every donation. With Daffy, you can also consolidate all your donation receipts into one place, making it easier to track your charitable giving.
If you're considering opening a DAF or already have one, it's worth comparing the fees you're currently paying with Daffy's simple and transparent pricing. You might be surprised at how much you could save by switching to Daffy. Plus, transferring money from an existing DAF to Daffy is a straightforward process.
In conclusion, Daffy offers a modern platform for charitable giving that is not only cost-effective but also designed to maximize the impact of your generosity. Whether you're looking to be more intentional with your giving or want to take advantage of the many tax benefits of giving through a DAF, Daffy is a great option to consider.