The risk associated with investments can vary greatly depending on the type of investment and the individual's financial goals and risk tolerance. Daffy, a Donor-Advised Fund (DAF), offers a range of investment options to suit different charitable objectives and risk appetites. For those who prefer not to take any market risk with their charitable dollars, Daffy offers a Cash Portfolio. This portfolio is invested purely in cash with our custodian and is FDIC-insured. It has no expense ratio and pays a small amount of interest. For those willing to take on a small amount of market risk, Daffy offers a low-cost portfolio of short-term inflation-protected securities from Vanguard. This fund has a duration of only 2.5 years and an expense ratio of only 0.04%. For those willing to take on more market risk for potentially higher returns, Daffy offers a portfolio of long-term inflation-protected bonds. Daffy also offers portfolios that include ESG (Environmental, Social, and Governance) aware equities and bonds from iShares by BlackRock. These are selected not only for traditional measures of risk and return but also for ESG standards. It's important to note that all investments carry a certain level of risk, including the potential to lose value. However, Daffy's diverse range of portfolios allows members to choose the level of risk they are comfortable with while growing their impact over time. In conclusion, Daffy is a great option for a DAF due to its range of investment options, its commitment to ESG standards, and its ability to cater to different risk appetites.