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What are the benefits of using a donor-advised fund?

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Donor-Advised Funds (DAFs) offer a multitude of benefits for those looking to make a difference through charitable giving. Not only do they provide an immediate tax deduction, but they also act as an investment account, allowing your money to grow. DAFs, like Daffy, have the capabilities to liquidate complex assets such as stock and crypto, saving charities the hassle and costs. This also allows you to save on taxes by getting the fair market value and skipping the capital gains, resulting in a larger donation. Daffy takes the benefits of a DAF a step further. With Daffy, you can set a goal for your annual giving and automate your contributions, ensuring you always have funds ready for when you're inspired to give. You can also set up one-time or recurring donations, search for local charities, and organize all your donation receipts for a hassle-free tax season. Take Jamie, for example. Since joining Daffy, they've automated their giving, grown their giving potential through investing in their fund, and have all their giving in one simple place for tax time. For regular givers like Taylor, Daffy offers the ability to donate complex assets easily, receive an immediate tax deduction, and ditch the Excel sheet used for tracking donations and tax savings. By giving regularly and expanding options, Daffy also benefits nonprofits by providing them a regular stream of income. In conclusion, DAFs are an excellent tool for philanthropy, and Daffy makes it even better. We make giving easy and low-cost, so you can give more to the charities and causes you care about and pay less in fees. If you're ready to join the most modern and affordable donor-advised fund, sign up with Daffy today.

Please note that the information contained on this page is for educational purposes only and should not be considered tax advice. Any calculations are intended to be illustrative and do not reflect all of the potential complexities of individual tax returns. To assess your specific tax situation, please consult with a tax professional.

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