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Daffy Charitable Fund
Daffy Charitable Fund reported $197.2 million in revenue and $40.2 million in expenses for calendar year 2024. Of every $100 it spent, $99.86 went to program services, $0.02 to management and general costs and $0.12 to fundraising. Its largest source of revenue was contributions and grants: 98.4% of the total. Revenue rose 1985% between 2021 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $40MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $197MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 99.9% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.0% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.1% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 98.4% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | Not reported | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | Not reported | 1.56% |
| People paid over $100,000 Part VII, line 2 | 0 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 99.8 | 56.6 |
| Independent voting board members Part VI 1a–1b | 3 of 3 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseDaffy 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…
4 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b3 · 3 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 610
Private foundation grants it received
5 private foundations reported grants to Daffy Charitable Fund totaling $811K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Daffy Charitable Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Daffy Charitable Fund, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Daffy Charitable Fund spent in 2024, $99.86 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The San Diego FoundationSan Diego, CA · revenue $197M · programs 82.7% · FY2025
- Arizona Community FoundationPhoenix, AZ · revenue $203M · programs 90.7% · FY2025
- Jewish Community Foundation of San DiegoSan Diego, CA · revenue $194M · programs 96.7% · FY2025
- Hopewell FundWashington, DC · revenue $208M · programs 94.5% · 2024
- The Minneapolis FoundationMinneapolis, MN · revenue $193M · programs 93.0% · FY2025
All philanthropy, voluntarism & grantmaking charities · Largest charities in California
Questions people ask
How much of Daffy Charitable Fund's spending goes to programs?
In calendar year 2024, Daffy Charitable Fund reported that 99.9% of its $40.2 million in expenses went to program services, 0.0% to management and general and 0.1% to fundraising (Form 990, Part IX).
Where does Daffy Charitable Fund get its money?
Of $197.2 million in revenue in calendar year 2024, 98.4% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Daffy Charitable Fund a registered charity?
The IRS lists EIN 86-3177440 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513209349301201 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443189349306809 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303189349317760 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213189349315311 · read the filing
All filings for EIN 86-3177440: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.