Daffy Charitable Fund

Daffy Charitable Fund
DAFScore™ : 4.75
Rank : 4.75

AUM

$130.0M

Number of Accounts

4,600

Minimum Balance

$0

Initial Contribution Minimum

$0

Grant Minimum Amount

$18

Grant Timing

1 - 2 Weeks

Investment Options

More than 10

Administrative Fee

0 - 0.5%

Daffy launched in 2022 with a mission to help people be more generous, more often. Daffy's product goal is to build a better system for giving.The Daffy system has four core features: 1. Set a goal for your annual giving. 2. Automate your contributions to put money aside regularly for giving. 3. Automate your recurring donations to support your favorite organizations. 4. Consolidate all your receipts in one place for tax season.

DAF Details

Sponsor Donation Recommendations

International Granting

Accepts Illiquid Contributions

Ability of 3rd Party Advisors

Political or Religious Affiliation

Sell Their Own Financial Products

Tax Requirements

Minimum Grant Frequency Requirement

Provides Anonymity if Requested

Transferability to Another Sponsor

No History of Security Breaches

Customer Service Resources & Quality of Service

Fair

Online Access and Ease of Use

Great

More Information

Sponsor Organization

daffy.org

Sponsor Donation Recommendations

None

International Granting

You can make donation recommendations to international organizations on Daffy through the following ways: 1.) Give to U.S.-based affiliates doing international work. 2.) Give through qualified charitable intermediaries that facilitate direct grants to international charities and conduct the required due diligence.

Accepts Illiquid Contributions

With Daffy, you can automatically set money aside for charity, weekly, monthly, or annually by linking your bank account. You can also make one-time contributions by linking your bank account, through Apple Pay, with all major debit or credit cards, most publicly traded stocks and index funds, over 120 cryptocurrencies, or even transfer an existing donor-advised fund to Daffy. Please contact Daffy directly for other non-cash asset types.

3rd Party Advisors

As an additional benefit of Daffy’s Family membership, you can add up to 3 advisors to your fund. Once added to your fund, an Advisor will have access through their own secure login and credentials, so they can take actions on your behalf such as: Make charitable contributions on your behalf, including stock and crypto. Request a change in your fund’s investment portfolio. Make one-time or recurring donation recommendations. Access tax receipts for your deductible contributions.

Political or Religious Affiliation

Daffy is independent of any religious or political organizations.

Sell Their Own Financial Products

None

Tax Requirements

There is no tax code requirement for DAF donors to meet a minimum payout requirement. That said, Daffy encourages all members to be more generous and give regularly.

Minimum Grant Frequency

Daffy members are encouraged to make regular and continuous contributions and donations throughout the year. If no donation recommendations are made from a fund for a continuous 12-month period, Daffy considers the fund “inactive” and will make a donation of $25 on behalf of the fund to a charitable beneficiary or to Daffy’s general charitable fund, by the sole discretion of Daffy.

Overall Grant Restrictions

Daffy will not make grants to organizations that have not met 501(c)(3) IRS requirements. Daffy prohibits members from making grants to known or suspected terrorists or organizations known to support terrorists. Accordingly, Daffy prohibits donations to organizations listed on the U.S. Treasury Department’s Office of Foreign Assets Control Specifically Designated Nationals and Blocked Persons List. Daffy may also use other watchlists to revoke an organization’s eligibility.

Provides Anonymity

Daffy respects every donor’s recognition preferences and offers several options for recognition with grant recommendations, including Full Information (Donor Name, Fund Name, and Contact Information); Names Only (No Contact Info); and Anonymous.

Investment Options

Daffy offers 13 different investment portfolio options, including Conservative, Standard, and ESG portfolios made up of high-quality, low-cost index funds managed by some of the most trustworthy providers in the industry: Vanguard, Schwab, and BlackRock. Additionally, Daffy offers Crypto portfolios that hold pure crypto coins at Coinbase or a diversified crypto index from Bitwise Investments.

Transferability to Another Sponsor

Assets can be transferred to another DAF sponsor.

History of Security Breaches

None

Administrative Fees

Unlike most donor-advised funds that have high minimum fees and charge based on the amount of money in the fund, Daffy charges a simple, flat membership fee. Daffy is free for members with less than $100 in their fund. $3 per month for an individual fund and the ability to contribute up to $25,000 in stock, crypto, or through an existing donor-advised fund transfer. $5 per month for a family fund and the ability to contribute up to $50,000 in stock, crypto, or through an existing donor-advised fund transfer. $20 per month for individual or family funds and the ability to contribute unlimited stock, crypto, or existing donor-advised fund transfer.

Customer Service

Resources available for support. Live Chat Via Website. support@daffy.org

Online Access & Ease of Use

Online Platform + First Full Featured iOS App (open, add funds, add family/advisors, and donate)

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