Contributing to a Donor-Advised Fund (DAF) like Daffy can have significant tax implications. When you contribute cash, stocks, or crypto to your Daffy DAF, you can take an immediate tax deduction for those contributions. This means that every contribution to your DAF is considered a tax-deductible charitable donation in the year you make it. This can be particularly beneficial when your income and tax rates are higher. Moreover, Daffy allows you to save more with stock and crypto donations. Generally, selling assets like stock or crypto in your personal accounts can lead to owing federal, state, and local taxes on the capital gain. However, when you contribute a long-term capital asset like stock or crypto to your Daffy DAF, you get full credit for the value of the asset when you donate it, and you never have to pay taxes on the capital gain. Daffy also offers the flexibility to save, invest, and give. You can put money aside at any time and watch it grow in an investment portfolio of your choice. When you're ready to give, you can donate to over 1.5 million charities, and all of your donation history is conveniently available in one place. For example, let's consider Leah, a senior manager at a major tech company. She earns $200,000 a year and received a $20,000 bonus. If Leah contributes her bonus to her Daffy DAF, she can take an immediate tax deduction, potentially saving her thousands in taxes. Plus, her contribution can grow over time, allowing her to make a bigger impact when she's ready to donate to her favorite charities. In conclusion, Daffy is a great option for a DAF. It not only provides immediate tax benefits but also allows your contributions to grow over time, maximizing your charitable impact. Whether you're donating cash, stocks, or crypto, Daffy makes the process simple and tax-efficient.