Daffy Charitable Fund
- Assets
- $136.2m
- Revenue
- $104.4m
- Investments
- $331.2k
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- Data as of
- 12/2023
- EIN
- 86-3177440
Organization Overview
Daffy Charitable Fund is located in Los Altos, CA. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Daffy Charitable Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Daffy Charitable Fund generated $104.4m in total revenue. All expenses for the organization totaled $9.7m during the year ending 12/2023.
Since 2021, Daffy Charitable Fund has awarded 390 individual grants totaling $10,520,908. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Nash President | OfficerTrustee | 1 | $0 |
John Lilly Director | Trustee | 1 | $0 |
Minnie Ingersoll Director | Trustee | 1 | $0 |
Edward Park Treasurer | Officer | 4 | $0 |
Lorie Lambert Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $107,541,486 |
| Noncash contributions included in lines 1a–1f | $78,730,781 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,541,486 |
| Total Program Service Revenue | $0 |
| Investment income | $1,516,126 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,647,466 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $104,423,818 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,663,110 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $911 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,673 |
| Office expenses | $0 |
| Information technology | $69,104 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,746,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,792,794 |
| Savings and temporary cash investments | $7,120,778 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $88,029,602 |
| Investments—other securities | $331,165 |
| Investments—program-related | $0 |
| Intangible assets | $33,877,641 |
| Other assets | $0 |
| Total assets | $136,151,980 |
| Accounts payable and accrued expenses | $3,807 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,220 |
| Total liabilities | $6,027 |
| Net assets without donor restrictions | $136,145,953 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $136,151,980 |
Grants Awarded
Over the last fiscal year, Daffy Charitable Fund has awarded $7,741,269 in support to 277 organizations.
| Grant Recipient | Amount |
|---|---|
109 WORLD PURPOSE: GENERAL SUPPORT OF MISSION | $25,000 |
A LIGHTHOUSE FOR WOMEN PURPOSE: GENERAL SUPPORT OF MISSION | $35,000 |
ACTION AGAINST HUNGER USA PURPOSE: GENERAL SUPPORT OF MISSION | $12,536 |
ABUNDANT HARVEST CHURCH OF THE NAZARENE PURPOSE: GENERAL SUPPORT OF RELIGIOUS MISSION | $53,000 |
ADDICTION IS A DIS-EASE INC PURPOSE: GENERAL SUPPORT OF MISSION | $25,000 |
ADVENTIST HEALTHCARE INC PURPOSE: GENERAL SUPPORT OF MISSION | $700,000 |