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How do I name an account successor or charitable beneficiary?
How do I name an account successor or charitable beneficiary?
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Written by Support
Updated this week

Daffy allows you to make a plan for your account in the unfortunate event of your death. We call this a "Legacy Plan." As part of your Legacy Plan, you can name a successor or charitable beneficiary for your account.

Adding a Successor

You can appoint an individual or entity to take over as an advisor on your Daffy account. This person or entity will be empowered to make donation recommendations for your DAF. All successors must meet Daffy's eligibility criteria. At the time of the member’s passing, if the successor is unreachable, unavailable or unwilling to take responsibility for the account, any remaining balance will be transferred to Daffy’s general charitable fund.

To name a successor, go to https://www.daffy.org/settings/account-information (you will need to be logged into your Daffy account to access this page). Scroll to the bottom of the page to add their information in the "Successor" section.

If you're using the Daffy app, go to the gear icon on the top right and then select "Account Information" from the list.

Adding a Charitable Beneficiary

You can select a charity or nonprofit organization to receive the full balance of your account in the event of your passing. Upon notification of a member’s death, Daffy will review the charitable beneficiary designation and make an unrestricted donation to the charitable beneficiary of the full balance of the account.

The member is solely responsible for making sure Daffy has the correct contact information for the organization and that the organization is still operable and in good standing with the IRS.

If you'd like to add a charitable beneficiary, please email us at support@daffy.org and we can set that up for you.

More Information

If your DAF already has an additional member listed on the account (e.g. through a Family membership) that person will remain on the account and your successor or charitable beneficiary will not be contacted.

Any remaining account balance will be transferred to Daffy’s general charitable fund upon the member’s death if:

  • There are no additional member advisors on your account and you have not selected a successor or charitable beneficiary or, if your selected successor or charitable beneficiary are unreachable, unavailable, unwilling, or no longer operable.

To learn more, check out our "Legacy Planning" section in the Membership section of our member agreement.

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