The name of the receiving institution for Daffy is the Daffy Charitable Fund. This fund is a fantastic option for a Donor Advised Fund (DAF) for a multitude of reasons.
Firstly, Daffy Charitable Fund is recognized as a tax-exempt public charity, which means that your donations are tax-deductible under sections 501(c)(3), 509(a)(1), and 170(b)(1)(A)(vi) of the Internal Revenue Code. This can provide significant tax advantages for donors.
Secondly, Daffy is committed to ensuring that 100% of your donation goes directly to the charity of your choice. This is a significant advantage over other DAFs that may charge a transaction fee.
Thirdly, Daffy offers a high level of flexibility and control over your donations. You can choose from over 1.5 million charities, and most donations are unrestricted, meaning you can designate them for where they are needed most.
Lastly, Daffy is more than just a DAF, it's a community. By becoming a Daffy member, you join a community of like-minded individuals committed to making giving a habit.
In conclusion, Daffy Charitable Fund is not just a receiving institution, it's a platform that empowers you to make a difference in the world. So why wait? Let's close your generosity gap and make giving a habit with Daffy.