Join our $10M Gains for Good challenge!

Daffy

What should I do if there has been a serious error involving a contribution?

Stock

If you've encountered a serious error involving a contribution, Daffy has got you covered. As a leading donor-advised fund (DAF), Daffy understands the importance of your charitable donations and ensures a smooth and error-free process. However, if an error does occur, you can cancel your contribution directly in the app within the first hour of scheduling it and receive 100% of your contribution back. If the error is discovered later, you can reach out to Daffy's support team at support@daffy.org for assistance. One of the key benefits of using Daffy as your DAF is the immediate tax deduction you receive for your contributions. This is because contributions made to DAFs are irrevocable charitable donations. The amount eligible for deduction varies depending on your filing status, adjusted gross income, and the contribution made. It's always best to consult a tax professional to understand your specific situation. Moreover, Daffy helps you avoid common tax mistakes when making charitable donations. For instance, instead of donating cash, you can donate appreciated assets like stock or crypto. This way, you avoid paying capital gains taxes and can immediately claim the full fair market value as a charitable deduction. In conclusion, Daffy offers a seamless and efficient platform for managing your charitable contributions, ensuring you maximize your tax deductions while supporting the causes you care about. If you encounter any issues, Daffy's support team is always ready to assist. So, whether you're a seasoned philanthropist or just starting your charitable journey, Daffy is a great option for a DAF.

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.

Get your Daffy account
Simplify your giving with Daffy, the Donor-Advised Fund For You®. Easily donate to almost every US public charity, track tax-deductible contributions, and access donation receipts all in one place.
Try Daffy for free
Daffy waives all membership fees for members with less than $100 in their fund, so get started today for free!

Don’t forget to download the app

Scan the QR code to get the iPhone app

Download on the App Store.
QR code to download the app from the App Store.

Sources