Daffy
Legal name: Daffy Charitable Fund
Nonprofit profile at a glance
- EIN
- 863177440
- IRS 990 coverage
- 2022–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Los Altos, CA, USA
- Phone
- 6502095854
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $197,184,036
- Expenses
- $40,201,570
- Assets
- $334,483,489
- Liabilities
- $294,552
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Adam Nash (President)
People named in this filing
- Adam Nash (President)
- John Lilly (Director)
- Minnie Ingersoll (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To help people be more generous, more often.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 56
- Transparency & Controls: 87
- Accountability: 100
- Sustainability: 96
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 21.6%; rating input score 22
- Program expense ratio: 99.9%; rating input score 100
- Fundraising efficiency: $4,073.11 raised per $1 spent on fundraising; rating input score 98; 98th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 25th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 88.2%; rating input score 88; 21st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 79.6%; rating input score 99; 99th percentile among comparable filings
- Total-asset coverage ratio: 8.32; rating input score 90; 90th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 98; 98th percentile among comparable filings
Growth
- Program expense growth: 102.4% per year; rating input score 100; 100th percentile among comparable filings
- Revenue growth: 83.5% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 96% per year; rating input score 100; 100th percentile among comparable filings
Details
- What they do: 2 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 21.6% of revenue deployed · 99.9% of spending went to programs
- Governance: 3 of 3 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $40.1M in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 19 of 20 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 809 filed money-flow records
- Related organizations: 809 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 22/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.