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What are Daffy's membership fees?
What are Daffy's membership fees?
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Written by Support
Updated over 2 weeks ago

Unlike most donor-advised funds that have high minimum fees and hidden costs based on the amount of money in the fund, Daffy charges a simple, flat monthly fee based on the level of membership.

How much money could you save by moving your DAF to Daffy?

  • Supporter: Free. This membership is specifically for members with a balance of less than $100 in their fund.

  • Contributor: $3 per month for a fund with the ability to make average annualized contributions of up to $25,000.

  • Family: $5 per month for a family fund and the ability to make average annualized contributions of up to $50,000.

  • Benefactor: $20 per month for individual or family funds and the ability to make unlimited contributions as well as request a custom portfolio.

πŸŽ‰ There are no contribution limits on Daffy accounts. πŸŽ‰

Daffy has member accounts ranging from $10 to over $10 million. Your membership tier is automatically adjusted based on your contribution activity and usage of membership features.

Average Annualized Contributions

How are average annualized contributions calculated?

The average annualized contributions to an account is calculated at the fund level.

If the fund is less than 12 months old, then the average annualized contributions are just the total contributions to the fund.

If the fund is 13 months or more, Daffy calculates the average monthly contributions to the fund, and then multiplies by 12 to annualize that number.

As an example, this member opened their account 20 months ago and has since made total contributions of $120,000. Therefore, their average monthly contributions is $6,000 and average annualized contribution is $72,000. This places them in the Benefactor tier.​

Age of Fund

20 months

Total Contributions

$120,000.00

Average Monthly Contributions

$6,000.00

Average Annualized Contributions

$72,000.00 (Benefactor)

Daffy members can track their average annualized contributions at any time in their Settings under Membership.

Membership Changes

How do I upgrade my membership?

You don't need to take any action to change your membership.
​
Membership pricing changes are triggered automatically based on:

  • your contribution activity

  • adding people to your Daffy account

  • requesting a custom portfolio

When average annualized contributions surpass $25,000 or $50,000, your membership tier is automatically upgraded to the Family tier ($5/mo) or the Benefactor ($20/mo) tier, respectively. ​


​How do I downgrade my membership?


​When average annualized contributions fall below $25,000 or $50,000, your membership tier is automatically downgraded to Contributor ($3/mo) or Family ($5/mo), respectively.

Fees

How do I pay my monthly membership fee?

Membership fees are collected every month out of the balance of your Daffy account. Membership fees are waived for accounts with a balance under $100. If you’re already a Daffy member, you can view your membership tier and billing history at any time in your Settings under Membership.

Does Daffy charge any other fees besides my monthly membership?

We charge a 2.9% fee to cover payment processing costs for contributions made via credit card, debit card, and Apple Pay. However, we waive this fee for the first card contribution, up to $1,000. This fee does not apply to bank transfers made through Daffy via Plaid, which have no fees.
​

Our investment portfolios have standard expense ratios that are charged by the investment products themselves. Daffy charges no asset management fees on its portfolios.
​

Some third parties (e.g., your brokerage firm, your crypto exchange, or your current DAF provider) may charge you fees on your contributions to Daffy. We recommend reaching out to your external provider(s) to understand their specific policies and fees.

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