Choosing the The Donor-Advised Fund For You®
Most donor-advised funds have high minimums, high fees, and dated technology. Understand how Daffy changes the game compared to traditional donor-advised funds.
Compare Daffy vs. Fidelity vs. Schwab vs. Vanguard
See how we're building a unique donor-advised fund with a flat monthly membership, low-cost investment options, and so much more.
Simple & low-cost membership
| Daffy | Fidelity | Schwab | Vanguard | |
|---|---|---|---|---|
| Minimum to open | $0 | $0 | $0 | $25,000 |
| Minimum donation recommendation | $18 | $50 | $50 | $500 |
| Minimum annual cost | $36 | 0.60% or $100 | 0.60% | 0.60% or $250 |
| Average expense ratio | 0.05% | 0.54% | 0.65% | 0.06% |
For a $50,000 fund, you’ll pay $300/yr in fees at Fidelity, Schwab, and Vanguard compared to just $60/yr with Daffy.
Daffy saves you $240 a year.
Pick the best system for giving
| Daffy | Fidelity | Schwab | Vanguard | |
|---|---|---|---|---|
| Funding types | Bank transfer Debit/credit cards Stocks, ETFs, Mutual funds, & 120+ crypto | Bank transfer Must call to give complex assets | Bank transfer Must call to give complex assets | Bank transfer Must call to give complex assets |
| Built-in support for advisors |  | | | |
| Conservative, Standard, ESG portfolios | | | | |
| Crypto portfolios | |  | | |
| Custom portfolios | | | | |
| Full-featured mobile app (open, add funds, and donate) | |  | | |
| Giving goal & tracker | | | | |
| Built-in features for family giving | | | | |
With Fidelity and Schwab’s mobile apps, you are only able to make donation recommendations. You are not able to open an account or add funds.
Got a DAF? You can transfer it in 3 simple steps
For a step-by-step guide, check this out.
1
Log in to Daffy
Let us know you’re making a DAF transfer by clicking “Add Funds”
2
Sign in to your existing provider
Make a grant of any amount to Daffy Charitable Fund (EIN: 86‑3177440) — we’re already connected to all traditional providers
3
That’s it!
We’ll let you know once the funds are received
Daffy is a more modern and cost-effective alternative to Fidelity, which has expensive fees at every fund size.
Daffy lets you fully manage your fund both on web and on the mobile app, whereas Schwab doesn’t offer a full-featured app.
Daffy gives you access to some of Vanguard’s most popular ETFs without the hefty $25,000 minimum.