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Daffy.org Launches Custom Portfolios for Tailored Charitable Giving

Author

Slice of Finance Team
08 Aug

Key Highlights:

  • Custom Portfolios: Tailor investment strategies with over 460 ETFs from top providers.

  • Significant Growth: $105M set aside for charity in 2023, a 425% increase from 2022.

  • Innovative Options: Includes Bitcoin and Ethereum ETFs.

  • User-Friendly Tools: Modify investments with pre-approved templates.

Source (Business Wire)

Notable Quote:

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“A big benefit of a DAF is growing your charitable dollars tax-free, but selecting the appropriate investments for a charitable fund is not trivial. Daffy members want to align their investment strategy with their investment theses, personal beliefs, and giving timeline.”

Adam Nash, Co-founder and CEO at Daffy

Our Take:

Daffy.org's launch of Custom Portfolios represents a significant advancement in the field of donor-advised funds (DAFs). By providing members with the ability to tailor their investment strategies, Daffy not only enhances the potential for tax-free growth of charitable dollars but also aligns investments with personal beliefs and giving timelines. This move is likely to attract a broader audience to DAFs, especially those looking for more control over their charitable investments. The inclusion of innovative options such as Bitcoin and Ethereum ETFs further underscores Daffy's commitment to providing cutting-edge solutions for modern philanthropists. This feature, combined with Daffy's user-friendly tools and comprehensive ETF options, solidifies its position as a leader in the charitable giving space.