"Americans give nearly half a trillion dollars to charity each year-over 2% of GDP. Yet despite this massive scale, charitable giving remains stuck in the past, dominated by donor-advised funds marketed exclusively to the wealthy and clunky processes that make generosity harder than it should be. Today I'm joined by Adam Nash, co-founder and CEO of Daffy, a modern platform that's democratizing charitable giving through technology."
"During the pandemic, he recognized that while fintech had revolutionized how we save and invest, charitable giving had been largely untouched by innovation. We'll explore why Adam left Wealthfront to tackle charitable giving, how Daffy's membership-based model differs from traditional approaches, and why he believes donor-advised funds will soon be as common as 401ks. Adam will share insights on tax-advantaged giving as more people hold appreciated assets like stock and crypto, how Daffy is incorporating AI, and why they've opened their APIs to partners like Betterment and Robinhood."
Americans donate nearly half a trillion dollars annually, more than 2% of GDP, while charitable-giving infrastructure remains outdated and inaccessible. Donor-advised funds currently concentrate advantages among wealthy donors and existing processes are cumbersome. Adam Nash co-founded Daffy to modernize and democratize giving by applying fintech product design. Daffy uses a membership-based model, supports tax-advantaged contributions of appreciated assets such as stock and cryptocurrency, and exposes APIs to partners like Betterment and Robinhood. The platform plans to incorporate AI to streamline generosity and anticipates donor-advised funds becoming as common as workplace retirement accounts.
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