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Nonprofiteer
← DAFFY CHARITABLE FUND

Form 990 for tax year 2023

Filed by DAFFY CHARITABLE FUND.

Totals

Total revenue
$104,423,818
Total expenses
$9,746,992
Contributions and grants received
$107,541,486
Grants paid
$9,663,110
Program service revenue
$0
Investment income
-$3,131,340
Other revenue
$13,672
Total assets, end of year
$136,151,980
Total liabilities, end of year
$6,027
Net assets or fund balances, end of year
$136,145,953
Program services expenses (Part IX)
$9,739,080
Management and general expenses
$2,716
Fundraising expenses
$5,196
Program service expenses (Part III)
$9,739,080

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

    $107,541,486

  • 1g · Noncash contributions included above

    $78,730,781

  • 3 · Investment income

    total $1,516,126 · excluded $1,516,126

  • 7a · Gross sales of assets other than inventory

    securities $12,514

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

    securities $4,659,980

  • 7c · Gain or loss

    securities -$4,647,466

  • 7d · Net gain or loss

    total -$4,647,466 · excluded -$4,647,466

  • 11a · Other revenue: Fee Income

    total $13,672 · excluded $13,672

  • 11e · Other revenue, total

    $13,672

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,663,110 · program services $9,663,110

  • 11c · Fees: accounting

    total $911 · management and general $911

  • 12 · Advertising and promotion

    total $3,673 · fundraising $3,673

  • 14 · Information technology

    total $69,104 · program services $69,104

  • 24a · Other expenses: Software Subscriptions

    total $6,000 · program services $2,672 · management and general $1,805 · fundraising $1,523

  • 24b · Other expenses: Bank Charges

    total $4,194 · program services $4,194

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $625,084 · end of year $6,792,794

  • 2 · Savings and temporary cash investments

    beginning of year $2,328,143 · end of year $7,120,778

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,500 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $13,080,283 · end of year $88,029,602

  • 12 · Investments: other securities

    end of year $331,165

  • 14 · Intangible assets

    beginning of year $4,164,711 · end of year $33,877,641

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,340 · end of year $3,807

  • 25 · Other liabilities

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

  • 27 · Net assets without donor restrictions

    beginning of year $20,186,381 · end of year $136,145,953

Mission and programs · 2023

Mission

To help people be more generous, more often through a modern platform and community for giving.

Activities or mission (Part I)

At Daffy, our mission is to help people be more generous, more often. Daffy is the Donor-Advised Fund for You, a modern platform and community for charitable giving.

  • Daffy is focused on helping people make giving a habit in an effort to close the $1.27 trillion generosity gap. Daffy is founded on a core belief that with a combination of technology and community, we can help people be more generous. 2023 represented a number of innovative additions to our donor-advised fund to help make giving easier and more impactful for our members, including:GIVING GOAL Daffy makes it simple for every member to set an annual giving goal and recurring donations to their favorite organizations.DIVERSIFIED INVESTMENT PORTFOLIOS Daffy supports 15 pre-approved investment portfolios, with conservative, diversified, ESG, and crypto options to give charitable contributions the opportunity to grow over time.DAFFY APIs Almost every incumbent financial service provider offers the ability to easily donate. With Daffy APIs, any developer can design giving into their applications. DAFFY FOR ADVISORS Financial advisors help people with all of their financial goals, and that should include philanthropy. Daffy offers modern technology and low fees, as well as the tools for advisors to help manage and administer their clients' donor-advised funds.DAFFY CAMPAIGNSDonating, by itself, is a generous act. But now any Daffy member can create matching fundraisers for the charities and causes they care about, providing an even more leveraged way to use their giving to inspire others.DAFFY FOR FAMILIES Members may add up to 24 family members to their fund, to help teach the next generation the values associated with giving through their own actions.DAFFY FOR WORKEmployers who prioritize talent have realized they can easily encourage their employees to give back by providing a charitable giving account and offering a match or charitable gift.

    Expenses $9,739,080 · Grants $9,663,110

As filed on the 2023 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
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202443189349306809

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

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