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How can I ensure my stock is attributed to my Daffy account?

Stock

Contributing stock to your Daffy account is a straightforward process that ensures your stock is attributed to your account quickly and efficiently. As a Daffy member, you have the ability to make irrevocable contributions of nearly all publicly traded stock. This stock is then liquidated upon receipt, and the balance is added to your Daffy account as soon as it becomes available. To contribute stock, you must first create a stock contribution intent. This can be done by going to the Daffy app or website and selecting “Stock” in the “Add Funds” section. By answering the prompts, you let us know that your stock is on its way. It's important to create this intent on Daffy before initiating a stock transfer with your brokerage. Daffy works with Apex Clearing, and you can initiate the stock transfer directly from your brokerage or through your financial advisor using the provided account information. To ensure your stock is attributed to your Daffy account, please include your name in the "For Benefit Of" or "Memo" field. Daffy is a great option for a Donor-Advised Fund (DAF) because it accepts contributions of publicly traded stocks and ETFs, making it a versatile choice for donors. Specific brokerage instructions are available for E-Trade, Fidelity, Vanguard, and Schwab, making the process even easier. If you have any questions or need assistance, you can reach out to us at support@daffy.org. We're here to help make your charitable giving as seamless as possible. With Daffy, contributing stock to your DAF is a simple, efficient process.

Please note that the information contained on this page is for educational purposes only and should not be considered tax advice. Any calculations are intended to be illustrative and do not reflect all of the potential complexities of individual tax returns. To assess your specific tax situation, please consult with a tax professional.

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