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What should I do if my organization meets the IRS’s tax exempt criteria

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If your organization meets the IRS’s tax-exempt criteria, you might be wondering what your next steps should be. One great option to consider is Daffy, a donor-advised fund (DAF) that simplifies the process of researching and donating to charities. 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 its non-profit directory that are in good standing with the IRS. This means you can seamlessly research and donate in one place, saving you time and effort. Moreover, Daffy's database is populated with every US-based not-for-profit organization in good standing with the IRS. If you can't find a charity you're looking for, Daffy's support team is ready to assist. They can even help add a charity to their platform if it's not already listed. Daffy Charitable Fund is recognized as a tax-exempt public charity as described in Sections 501(c)(3), 509(a)(1), and 170(b)(1)(A)(vi) of the Internal Revenue Code. This means that your donations through Daffy are tax-deductible. Furthermore, Daffy is a great option if you're considering donating non-cash assets like cryptocurrencies and securities. If these exceed $500 in value, you'll need to file an IRS 8283 Form with your federal income tax return. Daffy can guide you through this process, making it easier for you to donate and claim your tax deductions. In conclusion, if your organization meets the IRS’s tax-exempt criteria, Daffy is a great option to consider. It simplifies the donation process, provides tax benefits, and offers support for non-cash donations.

Please note that the information contained on this page is for educational purposes only and should not be considered tax advice. Any calculations are intended to be illustrative and do not reflect all of the potential complexities of individual tax returns. To assess your specific tax situation, please consult with a tax professional.

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