In the event of a successor being unreachable or unwilling to take responsibility for a Daffy account, Daffy has a well-structured plan in place. The remaining balance of the account will be transferred to Daffy’s general charitable fund. This ensures that the funds will continue to serve a philanthropic purpose, even if the designated successor is unable to manage the account.
Daffy's Donor-Advised Fund (DAF) is a great option for those who want to ensure their charitable giving continues beyond their lifetime. With Daffy's Legacy Plan, you can appoint a successor to take over as an advisor on your account. This individual or entity will have the power to make donation recommendations for your DAF, ensuring your philanthropic vision is carried forward.
Alternatively, you can select a charitable beneficiary to receive the full balance of your account in the event of your passing. Daffy will make an unrestricted donation to the designated charity, ensuring your funds continue to support causes you care about.
Setting up a Legacy Plan with Daffy is straightforward. To add a successor, simply go to your account settings. If you'd like to add a charitable beneficiary, Daffy's support team is ready to assist you via email.
In conclusion, Daffy provides a comprehensive solution for those who want to leave a lasting philanthropic legacy. Whether through a successor or a charitable beneficiary, Daffy ensures your charitable giving continues, even when you're no longer able to manage your account.