In the event that there are no additional member advisors and no successor or charitable beneficiary is selected for a Daffy account, the remaining balance will be transferred to Daffy’s general charitable fund. This ensures that your funds will continue to support charitable causes, even if no specific beneficiary has been designated.
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 or select a charitable beneficiary for your account. This means that upon your passing, your chosen successor or charity will receive the full balance of your account, allowing your philanthropic efforts to continue.
If you choose a successor, they will be empowered to make donation recommendations for your DAF, ensuring your funds are used in a way that aligns with your values. If you choose a charitable beneficiary, Daffy will make an unrestricted donation of the full balance of your account to the chosen organization.
Setting up a Legacy Plan with Daffy is simple. To add a successor, you just need to go to your account settings. If you'd like to add a charitable beneficiary, you can email Daffy's support team and they'll set it up for you.
In addition to the Legacy Plan, Daffy offers various membership plans that cater to different needs and preferences. From the Contributor plan at $3 per month to the Benefactor plan at $20 per month, each plan offers unique benefits such as unlimited fund balances, cash contributions via various methods, and support for multiple members on your fund.
In conclusion, Daffy provides a flexible and convenient platform for managing your charitable giving, both during your lifetime and beyond. By choosing Daffy, you can ensure your philanthropic legacy continues, supporting the causes you care about most.