Daffy (company)

Daffy is a California-based company that serves as a financial platform with an aim of democratizing donor-advised funds. Its name is short for “Donor Advised Fund For You.” It focused on having lower minimums, flat monthly fees, and digital infrastructure in an effort to reduce the threshold for giving through donor advised funds. As a result, Daffy was named one of Fast Company’s most innovative companies in 2024.

Features

Daffy charges flat monthly fees rather than a percentage of assets under management, like most large donor-advised funds. Users can donate a range of assets including cash, public stock, cryptocurrency and stock in private companies. Daffy also allows users to make automatic and scheduled donations to charities of their choice.

It set it minimum donation to $18 in part because of the significance of that number in Jewish culture.

In 2025 it also introduced AI-powered giving tools that made it possible to initiate donations by voice.

History

The company was founded in 2020 by Adam Nash, a former Dropbox and Wealthfront executive. It publicly launched in September 2021.

In 2026, as Vanguard and Fidelity began blocking donations to the Southern Poverty Law Center from their donor advised funds due to the Trump Administration investigation into the organization, Daffy continued to allow donations. “The I.R.S. is the principal U.S. government agency responsible for determining which organizations qualify as federal tax-exempt organizations, and Daffy generally relies on the I.R.S.’s determination,” it said via an statement published in The New York Times. “The Southern Poverty Law Center remains in good standing with the I.R.S., so Daffy members can make donation recommendations to the organization.”