Daffy is a fantastic option for a Donor Advised Fund (DAF) that allows you to enter information directly for certain organizations. As a registered 501(c)(3) not-for-profit organization, Daffy ensures that all your contributions qualify as tax-deductible in the year they are made.
The process for entering information directly for certain organizations is simple and straightforward. If you're a new member setting up your Daffy account or an existing member, you'll be prompted to answer a question about how much you want to give to charity this year.
Daffy members have the advantage of skipping the step of checking if an organization is currently eligible to receive tax-deductible contributions. This is because Daffy only lists organizations in their non-profit directory that are in good standing with the IRS. This simplifies the process, allowing you to seamlessly research and donate in one place.
If your organization is a U.S. 501(c)(3) public charity in good standing with the IRS and is not listed on Daffy's platform, you can contact Daffy to inquire about adding your charity. All you need to do is provide your charity's name and tax ID.
Daffy also ensures that all donations are accompanied by a letter that lists information from the donor 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.
In conclusion, Daffy is a great option for a DAF, making giving a habit and enabling you to be the generous person that you aspire to be. If you’re not a member yet, you can get started here. If you’re a Daffy member, be sure to invite your friends through your invite link and receive rewards.