Donor advise funds are a great account for putting money aside for charity.

But if you have a donor advise fund now, I have some bad news for you.

You are paying too much in fees.

I was personally shocked to find out how much traditional providers charge for an account that's effectively for charity.

For example, if you put $100,000 into a donor advise fund at Vanguard, you will pay $600 a year in fees.

Most people probably don't even know that they're paying that much.

A similar account at Daffy is just $240 a year.

Most traditional providers of donor advise funds charge their fees based on a percentage of asset.

It sounds reasonable, so what's wrong with it? Well, it turns out there's two big problems with charging fees this way.

One, it's less money for charities.

Those fees go up with every dollar that gets put aside for charity, and there's now over $159 billion in donor advise funds.

That means there's now hundreds of millions of dollars in fees that are going to providers and not going to the charities and causes that their members believe in.

The second problem, of course, is that there's a disincentive built in against giving.

When you have an account with a traditional provider and you make a grant to a charity, that provider now loses revenue.

If you have $100,000 donor advise fund with Fidelity, and then you give $10,000 to charity, Fidelity loses 10% of their revenue.

That's a fundamental problem with a platform that was designed to give money to charities who need it.

At Daffy, we avoid both of those problems.

When Alejandro and I started Daffy, we specifically picked a pricing plan that would avoid the conflicts in the traditional donor advise fund industry.

We decided to base Daffy on a simple, flat, transparent membership fee, just like most successful nonprofit institutions.

So what do you get for your monthly membership fee at Daffy? Daffy is available as a native application on the iPhone, as well as available on the web at daffy.org.

You can contribute money almost any way you can imagine, by linking your bank account with a credit or debit card, even with Apple Pay.

You can contribute stock, ETFs, or over 120 different cryptocurrencies.

Once your money is contributed, you can invest it in nine different investment portfolios, ranging from standard Vanguard ETFs, ESG portfolios, and even pure cryptocurrency portfolios.

And at any time, you can donate that money to almost any legal charity in the US, over one and a half million organizations support it.

And best yet, we never charge additional fees or take any money out from the donations that you make to charitable organizations.

So if you're looking for a better system for giving that will lower your tax bill and increase your impact, come to Daffy and open up a donor advice fund today.

Daffy is the donor advice fund for you.