The startup offers a not-for-profit community platform that enables users to allocate funds for charitable donations through a mobile application, allowing for tax-free growth of their contributions. By linking bank accounts and payment cards, the platform facilitates seamless donations to causes that matter to its members, addressing the challenge of financial accessibility for charitable giving.
Funding
$21.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional methods of charitable giving often lack the tax advantages and investment opportunities available to wealthier donors, creating barriers for individuals who want to maximize their philanthropic impact. Managing donations, tracking tax receipts, and involving family members in giving decisions can also be cumbersome and disjointed.
Solution
Daffy provides a modern donor-advised fund (DAF) platform accessible through a mobile app, enabling individuals to set aside funds for charitable giving and receive immediate income tax deductions. Members can contribute cash, stock, or crypto, and invest their funds in diversified portfolios for tax-free growth, increasing the potential for donations. The platform supports donations to over 1.5 million U.S. charities, provides consolidated tax receipts, and offers family membership options to involve multiple generations in philanthropic activities.
Target Audience
Daffy targets individuals and families who want to be more intentional and strategic with their charitable giving, maximize tax benefits, and involve family members in their philanthropic efforts.
Features
- Ability to contribute cash via linked bank account, Apple Pay, debit, or credit card
- Support for contributions of appreciated assets, including stocks, ETFs, mutual funds, and cryptocurrency
- Access to 17 pre-built investment portfolios, including Standard, ESG, and Crypto options, with the ability to request custom portfolios
- Family membership option supporting up to 24 members, allowing families to give together and teach the next generation about philanthropy
- Tools to launch and manage Daffy Campaigns, enabling users to fundraise for their favorite causes
- Digital charity gift cards (Daffy Gifts) for easy and impactful gifting
- Consolidated tax receipts for simplified tax reporting