When it comes to Donor-advised funds (DAF), fees can often be a significant concern. Traditional providers, such as Fidelity, charge a minimum of $100 a year or 0.6% of assets, whichever one is higher. This fee increases as the account balance grows, meaning more of your money goes to the provider instead of the charities you care about.
However, Daffy offers a more cost-effective solution. As a provider of DAF, Daffy charges significantly lower fees, starting at just $36 a year. This means more of your money can go towards the causes and organizations you care about.
Transferring a DAF account to Daffy is a straightforward process and is free of charge. Simply visit daffy.org and log into your account. The step-by-step process of transferring a DAF account to Daffy is available on their website.
Daffy is not just about saving you money on fees. It's about increasing your impact on the causes you care about. With Daffy, you can access your account, contribute, and donate from a full-featured native mobile app. This convenience makes it easier for you to give, especially at a time when giving rates are lower than ever.
Moreover, Daffy allows you to donate and/or invest in cryptocurrencies, which are now subject to capital gains tax just like any other investment. By using your crypto to fund your Daffy account, you could avoid tax on assets held for more than a year.
Daffy is more than just a platform for giving. It's a community committed to setting money aside for those less fortunate. 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.