A big benefit of Daffy is that when you contribute cash, stock, ETFs, mutual funds, or crypto to your fund, you're able to take an immediate tax deduction for those contributions, invest those assets to increase potential impact, and have time to pick charities to support.
Below are key dates to ensure your contributions qualify for a 2024 tax deduction.
Contributions | Deadline |
Cash (ACH bank transfer via Plaid, Apple Pay, or debit/credit card) | Initiate on Daffy by December 31, 2024 at 11:59 pm PST. |
Stock, ETFs, and Mutual Funds | Initiate on Daffy and with your broker by December 9, 2024, as broker processing times vary, and it must be received and verified by Daffy by December 29, 2024. |
Crypto | Initiate wallet transfer on Daffy and your crypto wallet as soon as possible, as transfer timing varies by blockchain, and it must be cleared by the specified blockchain by December 31, 2024 at 11:59 pm PST. |
Private Stock | Inquire as soon as possible to discuss your specific situation at privatestock@daffy.org. |
Donations | While donations from your fund are not subject to end-of-year deadlines, we know many members want charities to receive their donations during the holiday season.
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DAF transfers to Daffy are not tax-deductible, but moving your fund in 2024 will save you fees in 2025!
Daffy is not responsible for delays caused by a brokerage firm, DAF provider, or charity. This information is for educational purposes only and should not be considered tax or investment advice.