Donor-advised funds offer tax benefits for charity donations, making giving more accessible

From Yahoo Finance: 2025-06-23 13:13:00

On Yahoo Finance’s Financial Freestyle podcast, Daffy CEO Adam Nash discussed how donor-advised funds can help save money for charity and provide tax breaks. Around 60 million US households donate to charity annually, with Daffy aiming to make setting up these accounts more accessible to the average person.

Nash explained that donor-advised funds function like tax-advantaged accounts for charity, allowing individuals to invest and donate tax-free. Daffy enables users to contribute stock options and crypto investments, providing a double tax benefit for those with significant capital gains.

Setting donation goals through donor-advised funds increases charitable contributions by 32%. Nash emphasized the importance of building a community around causes, as organizations seek long-term support beyond one-time donations for sustainable impact.

Financial Freestyle host Ross Mac discusses wealth-building strategies with guests every Monday. Episodes cover personal finance journeys and tips for financial success. Listeners can find more episodes on the video hub or their preferred streaming service. Sign up for the Mind Your Money newsletter for the latest personal finance news.



Read more at Yahoo Finance: How a donor-advised fund can help you give to charity and save on taxes