Fidelity Charitable may be a better choice for those who already have all their accounts with Fidelity and prefer the convenience of having everything in one place, even if it means paying higher fees. It may also be a suitable option for those interested in a selection of expensive active mutual funds or those who have complex assets like private stock or real estate to contribute.
However, Daffy stands out as a great option for a Donor-Advised Fund (DAF) for several reasons. Firstly, Daffy offers the lowest dues, ensuring more of your money goes to charity. High fees can be a disservice to both you and your favorite non-profits, and Daffy ensures that this is not the case.
Secondly, Daffy offers a full-featured native mobile app, making it easy to access your account, contribute, and donate. This convenience can be a significant factor in encouraging charitable giving, especially in a time when giving rates are lower than ever.
Thirdly, Daffy allows you to donate and/or invest in cryptocurrencies. With cryptocurrencies now subject to capital gains tax, you could avoid tax on assets held for more than a year by using your crypto to fund your Daffy account.
Lastly, Daffy is more than just a platform for getting a tax break. It's a community committed to setting money aside for those less fortunate. You can connect with friends, families, and other donors on the app to raise awareness and funds for the causes you care about.
So, are you ready to save money and give more with Daffy? It's easy to transfer some or all of your Fidelity Charitable account to Daffy. Simply download Daffy or get started at Daffy.org, select transfer an existing donor-advised fund, tell us the provider, and how much you’d like to transfer. Log in to your existing provider, make a grant of any amount to Daffy Charitable Fund (EIN: 86-3177440), and we’ll notify you when your funds are in your Daffy account.
Join the Daffy community today and make giving a habit.