A donor-advised fund (DAF) is a tax-advantaged financial account dedicated solely to charitable giving. Similar to a 401(k) for retirement or a 529 plan for education, a DAF is a special type of account with unique tax benefits, designed specifically for charity.
How It Works
Set money aside for charity. Daffy members can contribute to their fund at any time and receive an immediate tax deduction for the year the contribution is made, even if donations to charity are made at a future date.
Invest to increase impact. Contributions are invested in a portfolio of the Daffy member's choice. Any investment gains are tax-free, increasing the member's potential philanthropic impact over time.
Donate to any charity in seconds. With a few quick clicks or taps, Daffy members can recommend a donation to over 1.5 million eligible US-based charities at any time.
One receipt for all your giving. Members receive a single receipt for all charitable contributions made through Daffy. This document is available to download year-round, making tax time easier than ever.