Mission-minded Spotlight: Daffy
Welcome back to an edition of ✨“Mission-minded: Building for Tomorrow." ✨This series highlights an under-the-radar founder or company that’s building something that has the power to enact real change in our world.
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With Gen Z becoming more charitable than their elders, giving must be as simple as the click of a button. 🔘Daffy, a donor-advised fund that’s like a 401(k) – but for charity, is making it simple.
😱 1) Why care? This age of giving looks completely different than previous generations, and the laws are changing. With over 1.9 million registered nonprofit organizations in the U.S., giving is still a crucial part of financial planning in our society. Selecting the appropriate donor-advised fund (DAF) is more important than ever. Plus, when you contribute to a DAF, you lock in that tax deduction for a year, regardless of when you actually send money to a charity.
🔥 2) What makes the co. credible? Daffy is backed by top Silicon Valley investors like Ribbit Capital, XYZ Venture Capital, and Coinbase Ventures, and 50+ angel investors across the tech and non-profit sectors. They have grown to be one of the largest donor-advised funds in the US. This past year was a record year for giving – they received over 470M contributions for charity, and distributed $125M in donations to charities. Daffy has been accredited by top press - CNBC says, “Daffy is organized around a simple idea that it would be much better if everyone put something aside for those less fortunate.”
💓 3) What I love about their story? CEO and Co-Founder Adam Nash has held executive and technical positions at Dropbox, LinkedIn, eBay and Apple, and launched Daffy with the simple idea to reinvent donor-advised funding for the public. Their mission is to help people be more generous, more often.
As he puts it, “life gets in the way,” and it can be hard to find time or arrange money to make charitable donations. Daffy solves this problem, and it’s invested tax-free. Plus, the app organizes all donation receipts in one place so you don’t have to go digging through paper stacks or email files - a great addition for folks who might be a little unorganized from time to time. 🧾
Life moves quickly, but it shouldn’t get in the way of giving back to causes and charities you love. ♥️