Transferring your Donor-Advised Fund (DAF) to Daffy is not only a simple process, but it also comes with a host of benefits. Daffy is a DAF provider that is committed to making giving a habit, and it does so by charging significantly lower fees than traditional providers. For instance, while Fidelity charges a minimum of $100 a year or 0.6% of assets, Daffy starts at just $36 a year. This means more of your money goes to the causes you care about, rather than being eaten up by administrative costs.
Transferring your DAF to Daffy is a straightforward process. Simply log into Daffy, tap 'Add Funds', and select 'DAF transfer'. You'll then need to indicate how much you're transferring and from which provider. After logging into your existing provider, make a grant of any amount to the Daffy Charitable Fund. Make sure your grant is not anonymous and, if required, indicate the grant is for 'where needed most'. Daffy's EIN is 86-3177440 and its address is 221 Main Street, #2061, Los Altos, CA 94023. You'll receive a notification when the funds are in your account.
Daffy is more than just a DAF provider. It's a not-for-profit community focused on making giving a habit. Members can contribute to their Daffy funds with cash, debit/credit cards, stocks/ETFs, or crypto, and can donate to more than 1.5 million charities across the US from anywhere, anytime with the Daffy mobile app or website. Daffy donors are proactive and intentional about their giving, setting goals for how much they will donate to charity every year. Daffy helps donors automate their recurring donations with a few taps in the app, and donations are disbursed regularly on a schedule of the donor's choosing. Plus, Daffy does not take donation transaction fees, so 100% of all donations on Daffy go to charities.
In short, transferring your DAF to Daffy is not just a smart financial move, it's a move that maximizes your impact on the causes you care about.