A donor-advised fund (DAF) is a tax-deductible financial account for the sole purpose of charitable giving. Similar to a 401K used to save for retirement, a DAF allows people to set money aside for charity.
Daffy is a tax-exempt public charity and 501(c)(3) organization that serves as a sponsoring organization that oversees and administers a donor-advised fund (DAF). Since Daffy is a 501(c)(3) organization, all member contributions qualify as tax deductible in the calendar year they are made.
When a donor becomes a member of Daffy, a new personal giving fund is created. Members serve as an advisor to their fund and have the ability to recommend how the fund is invested and distributed to charity through donations.