Daffy Charitable Fund

EIN: 863177440 501(c)(3) Philanthropy & Grantmaking

Los Altos, CA

Total Revenue
$104,423,818
Total Expenses
$9,746,992
Total Assets
$136,151,980
Net Assets
$136,145,953
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
DE
Principal Officer
Adam Nash
Phone
6502095854
Tax Period
2023-01-01 to 2023-12-31

Daffy Charitable Fund, founded in 2021, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $104.4M in total revenue in fiscal year 2023. Revenue surged 456% from the prior year, signaling strong growth momentum. The organization ran a surplus of $94.7M, a strong 91% operating margin.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $9,739,080

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $107,541,486
Program Service Revenue $0
Investment Income $-3,131,340
Other Revenue $13,672
TOTAL REVENUE $104,423,818

Expense Breakdown

Grants Paid $9,663,110
Salaries & Benefits $0
Fundraising Expenses $5,196
Program Expenses $9,739,080
Other Expenses $83,882
TOTAL EXPENSES $9,746,992

Year-over-Year Comparison

2023 2022 Change
Revenue $104,423,818 $18,765,502 +4.6%
Expenses $9,746,992 $3,659,381 +1.7%
Net Income $94,676,826 $15,106,121 +5.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Adam Nash President 1.00
Officer Director
$0 $0 $0
John Lilly Director 1.00
Director
$0 $0 $0
Minnie Ingersoll Director 1.00
Director
$0 $0 $0
Edward Park Treasurer 4.00
Officer
$0 $0 $0
Lorie Lambert Secretary 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $104,423,818 $9,746,992 $136,151,980 $94,676,826
2022 $18,765,502 $3,659,381 $20,202,721 $15,106,121
2021 $9,459,488 $224,321 $9,088,563 $9,235,167
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