In the unfortunate event of a member's death, Daffy, a leading Donor-Advised Fund (DAF), has a well-structured plan in place to ensure that the account balance is handled appropriately. This plan, known as a "Legacy Plan," allows members to select a charitable beneficiary for their account.
If a charitable beneficiary is selected, upon the member's death, Daffy will review the designation and make an unrestricted donation of the full account balance to the chosen charity or nonprofit organization. This ensures that the member's philanthropic intentions are honored, even after their passing.
Daffy's Legacy Plan is a testament to its commitment to facilitating charitable giving in a seamless and meaningful way. It's important to note that the member is responsible for ensuring that Daffy has the correct contact information for the organization and that the organization is still operable and in good standing with the IRS.
Setting up a charitable beneficiary is a straightforward process. Members simply need to email Daffy at support@daffy.org, and the team will assist in setting it up.
In conclusion, Daffy's Legacy Plan provides a thoughtful and efficient way to continue your charitable giving after your lifetime. It's a great option for those who want to ensure their philanthropic efforts live on, making Daffy a top choice for a DAF.