Yes, donations made through Daffy are indeed tax-deductible. Daffy is a registered 501(c)(3) nonprofit organization, which means any contributions to your personal charitable fund at Daffy qualify as tax-deductible in the year they are made.
But Daffy is more than just a tax-efficient way to donate. It's a donor-advised fund (DAF) that allows you to contribute to your personal charitable fund and then use those funds to donate to over 1.5 million charities through the Daffy app or website.
What sets Daffy apart is its commitment to ensuring that 100% of all donations go directly to the recipient organization. They don’t charge credit card or transaction fees, and they accept stock and crypto, sending donations as cash to the charities.
So, if you're looking for a tax-efficient way to support your favorite causes, Daffy is a great option. Not only does it offer a tax-deductible way to donate, but it also ensures that every penny of your donation goes directly to the charity of your choice.
Please note that the information contained in this post is for educational purposes only and should not be considered tax advice. To assess your specific tax situation, please consult with a tax professional.