When you make a donation through Daffy, a Donor Advised Fund (DAF), your contribution is accompanied by a letter that includes important information about your donation. This letter lists details from the donor, to the extent they wish to share with the charity, and a memo line indicating the donor’s intent for the donation.
Most donations made by Daffy members are designated “for where needed most,” meaning that the donation is unrestricted and can be used by the charity in the areas they deem most necessary. This flexibility can be incredibly beneficial for charities, allowing them to allocate funds where they are most needed.
The donation letter provides the donation amount, date, and if the donor authorizes, the Fund name, Donor name, Donor contact information (email, mailing address, and/or phone number), private note (donation instructions), and public note from the donor.
Daffy is a great option for a DAF as it delivers all donations to charities in cash, allowing you to choose from any of the over 1.5 million charities on Daffy. If you're an investor who has benefitted from the rise in the stock market, Daffy provides a unique opportunity to maximize your generosity to charities in need.
Remember, the information contained on Daffy's platform is for educational purposes only and should not be considered tax advice. To assess your specific tax situation, please consult with a tax professional.
Join the Daffy community today and make giving a habit. Daffy is recognized as a tax-exempt public charity as described in Sections 501(c)(3), 509(a)(1), and 170(b)(1)(A)(vi) of the Internal Revenue Code.
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