When it comes to charitable giving, Daffy offers a unique and flexible platform that allows you to donate a wide range of assets. Whether you're an investor who has seen significant gains in the stock market or a cryptocurrency enthusiast, Daffy provides a platform where you can donate most publicly-traded stocks, over 120 cryptocurrencies, or even transfer an existing donor-advised fund to Daffy.
Daffy is a great option for a Donor-Advised Fund (DAF) as it leverages financial technology to make charitable giving easier and less expensive. It allows you to automate setting money aside for charity, whether weekly, monthly, or annually, by linking your bank account. This ensures that you don't forget to give and helps you close your personal generosity gap.
Moreover, Daffy offers a unique feature called "The Daffy Pledge." This allows you to specify how much you want to give and how often, and Daffy takes care of the rest. This commitment can be made from any device, making it convenient for you to donate.
All donations made through Daffy are tax-deductible in the year they are made, as Daffy is a registered 501(c)(3) not-for-profit organization. This means that not only are you supporting the causes you care about, but you're also potentially reducing your tax liability.
In conclusion, Daffy offers a flexible and convenient platform for charitable giving. Whether you want to donate cash, credit, crypto, or stock, Daffy makes it easy to support over 1.5 million charities across the United States. So why not make giving a habit and join the Daffy community today?
Please note that the information contained in this blog post is for educational purposes only and should not be considered tax advice. To assess your specific tax situation, please consult with a tax professional.