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← DAFFY CHARITABLE FUND

Form 990 for tax year 2024

Filed by DAFFY CHARITABLE FUND.

Totals

Total revenue
$197,184,036
Total expenses
$40,201,570
Contributions and grants received
$194,043,157
Grants paid
$39,841,265
Program service revenue
$0
Investment income
$2,999,315
Other revenue
$141,564
Total assets, end of year
$334,483,489
Total liabilities, end of year
$294,552
Net assets or fund balances, end of year
$334,188,937
Program services expenses (Part IX)
$40,147,080
Management and general expenses
$6,850
Fundraising expenses
$47,640
Program service expenses (Part III)
$40,147,080

Program services were 99.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $194,043,157

  • 1g · Noncash contributions included above

    $123,855,891

  • 3 · Investment income

    total $2,969,237 · excluded $2,969,237

  • 7a · Gross sales of assets other than inventory

    securities $42,591,704 · other assets $14,870,857

  • 7b · Less cost or other basis and sales expenses

    securities $42,184,651 · other assets $15,247,832

  • 7c · Gain or loss

    securities $407,053 · other assets -$376,975

  • 7d · Net gain or loss

    total $30,078 · excluded $30,078

  • 11a · Other revenue: Other Income

    total $130,067 · excluded $130,067

  • 11b · Other revenue: Fee Income

    total $11,497 · excluded $11,497

  • 11e · Other revenue, total

    $141,564

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $39,841,265 · program services $39,841,265

  • 12 · Advertising and promotion

    total $1,234 · program services $5 · management and general $370 · fundraising $859

  • 14 · Information technology

    total $153,483 · program services $153,483

  • 24a · Other expenses: Software Subscriptions

    total $181,370 · program services $128,109 · management and general $6,480 · fundraising $46,781

  • 24b · Other expenses: Bank Charges

    total $24,218 · program services $24,218

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,792,794 · end of year $6,692,948

  • 2 · Savings and temporary cash investments

    beginning of year $7,120,778 · end of year $28,335,827

  • 11 · Investments: publicly traded securities

    beginning of year $88,029,602 · end of year $183,295,887

  • 12 · Investments: other securities

    beginning of year $331,165 · end of year $23,289,385

  • 14 · Intangible assets

    beginning of year $33,877,641 · end of year $92,869,442

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,807 · end of year $294,552

  • 25 · Other liabilities

    beginning of year $2,220 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $136,145,953 · end of year $334,188,937

Mission and programs · 2024

Mission

To help people be more generous, more often.

Activities or mission (Part I)

Daffy Charitable Fund's mission is to help people be more generous, more often.

  • Daffy is the Donor-Advised Fund for You, a modern platform for charitable giving. 2024 represented several innovative additions to our donor-advised fund to help make giving easier and more impactful for our members, including:-Custom Portfolios: Daffy launched the ability for members to propose a custom investment portfolio on Daffy, selecting up to 10 ETFs from more than 450 high-quality options across Vanguard, iShares, Fidelity, and Bitwise. -Private Stock Donation Program: Daffy opened its platform to private stock, partnering with Figma for the launch.-Daffy for Work: Daffy for Work continued to grow with a roll-out to companies like OpenAI, Acorns, and Grindr. -Robinhood Integration: Daffy launched the ability for members to donate crypto directly from Robinhood.-Betterment Partnership: Daffy launched a partnership with Betterment, so their clients have access to Daffy through the Betterment platform.

    Expenses $40,147,080 · Grants $39,841,265

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Adam Nash

    President

    Total calculated
    $0
    Hours/week
    1

  • John Lilly

    Director

    Total calculated
    $0
    Hours/week
    1

  • Minnie Ingersoll

    Director

    Total calculated
    $0
    Hours/week
    1

  • Edward Park

    Treasurer

    Total calculated
    $0
    Hours/week
    4

  • Lorie Lambert

    Secretary

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202513209349301201

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.