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What does it mean for Daffy to be an IRS-approved 501(c)(3) organization?

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For Daffy to be an IRS-approved 501(c)(3) organization means that it is a registered not-for-profit entity. This status allows all contributions made to Daffy to qualify as tax-deductible in the year they are made. This is a significant advantage for those who choose to use Daffy as their donor-advised fund (DAF) platform. As a DAF, Daffy offers a simplified process for charitable giving. Daffy members can easily research and donate to charities directly from our database. We only list organizations that are in good standing with the IRS, ensuring that your contributions are always going to eligible, reputable charities. Moreover, Daffy's status as a 501(c)(3) organization means it is recognized as a tax-exempt public charity under Sections 501(c)(3), 509(a)(1), and 170(b)(1)(A)(vi) of the Internal Revenue Code. This recognition further solidifies Daffy's commitment to facilitating charitable giving and fostering a community of generosity. With Daffy, you can make giving a habit. Not only can you contribute to causes you care about, but you can also involve your family in meaningful discussions about the organizations and causes you support. Join the thousands of people who have already signed up for Daffy and make your charitable contributions count. Remember, with Daffy, you're not just giving; you're making a difference. Please note that the information contained in this post is for educational purposes only and should not be considered tax or investment advice. Always consult with a tax and/or investment professional to assess your specific situation.

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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