Daffy
p/daffy
A new, modern platform for giving
Chelsea Alexander
Daffy for Work — A Modern Platform for Workplace Giving
With Daffy for Work, employers can easily offer their employees access to their own personal donor-advised fund (DAF), a tax-advantaged account for charitable giving, and automatically match donations or gift a specific amount into employee DAFs.
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Adam Nash
👋 Hey Product Hunters, it’s Adam, Co-founder & CEO of Daffy Daffy was founded on the simple belief that over the past 20 years, we've seen amazing innovation dedicated to helping us shop, helping us save, and helping us invest. What if we dedicated the same level of effort toward helping people give? Since 2021, we’ve helped thousands of members give to charity more regularly through a better system for giving with a modern, donor-advised fund under the hood. We believe it’s time for this innovation to extend to corporate giving programs, and so today, Alejandro and I are thrilled to announce the official launch of Daffy for Work! 🚀 🤔 Why is workplace giving a problem worth solving? Did you know that 75% of Millennial employees believe it's crucial for employers to match their charitable contributions? Yet, a staggering $4-$7 billion in potential donations goes unclaimed each year. We've made corporate giving too complicated. No one loves corporate expense management systems, and forcing employees to upload a receipt for every single match seems designed to prevent employees from claiming this benefit. Plus, the traditional approach of centralized workplace giving programs doesn’t work in today’s hybrid and remote work environment. 💡 The Solution: Daffy for Work Inspired by the success of 401(k) plans, Daffy for Work offers employers a simpler and more powerful way to encourage employee giving. Here’s how it works: ✅ Every employee has access to a free, personal donor-advised fund. ✅ Employees choose how much to contribute, receiving immediate charitable deductions. Contributions are invested in tax-free portfolios, growing over time until employees decide to make a donation. ✅ Employees can make donations from our iOS app or daffy.org to any legal U.S. charity. ✅ Employers can encourage giving by either matching contributions to employee accounts, or by making direct contributions to their employee accounts. Plus, we’ve built Daffy for Work from the ground up to have the simplicity and low cost of a modern SaaS application. Getting started is simple: 1️⃣ Visit daffy.org/work 2️⃣ Set the amount you'd like to gift or match per employee 3️⃣ Link your corporate card or bank account 4️⃣ Get a custom link to share with your employees Unlike traditional employer-giving providers with hidden costs, there are no setup costs, annual admin fees, or fees based on donations. You only cover the monthly membership dues of participating employees, starting at just $3/mo. 💸 The Impact: Unlocking $100 Billion in Giving We believe that this simple change could profoundly affect charitable giving over time. If US employees put aside just 1% of their paychecks for charity, it could mean an additional $100 billion per year in individual giving. Join the companies like Acorns, Lev, OpenAI, Titan, and XYZ who have already embraced Daffy for Work. Empower your employees, attract top talent, and showcase your company's values with our modern and simple giving solution. Don't settle for outdated methods. If you’re an employee, share this post with your HR team. If you’re a manager or executive at a company, give Daffy for Work a try. You will be shocked at how simple it can be to support workplace giving. And of course, if you have suggestions or ideas of how we could make giving even easier, let us know! Let’s help everyone be more generous, more often. Adam