Daffy is a Donor-Advised Fund (DAF) that accepts Bitcoin and Ethereum. With Daffy, you can donate your crypto assets directly, bypassing the need to sell them first and potentially incurring capital gains tax.
Daffy is a great option for a DAF because it allows you to donate your crypto assets directly, bypassing the need to sell them first and potentially incurring capital gains tax. This means you can maximize your tax savings and your charitable impact.
For instance, if you were to donate .001 BTC, which is equivalent to 100,000 Satoshis, you could potentially save on taxes while also making a significant contribution to a charity of your choice.
In conclusion, if you're a crypto investor looking to make a charitable donation, consider using Daffy. Not only will you be able to donate your crypto directly, but you'll also be able to take advantage of the tax benefits that come with it. It's a smart and efficient way to give back.