To initiate a stock or crypto contribution, you must first create a stock contribution intent on Daffy. This can be done by going to the Daffy app or website and selecting “Stock” in the “Add Funds” section. Answer the prompts to let us know your stock is coming. This ensures that your contribution is attributed to your account quickly.
If you're contributing from your Vanguard account, you can follow these steps:
1. Log into your Vanguard account and click on "Forms"
2. Click on "Add or remove owners, inherit accounts, gift shares"
3. Click "Gift assets to individual/organization"
4. Click "Other financial institutions" and fill in the DTC: 0158
5. Select the number of holdings
6. Select Yes for "Would you like to reveal your identify to the charity?" (We need your name to attribute this transfer to your Daffy fund.)
7. Fill in receiving brokerage firm's information.
Here's the information you'll need:
- Type: Brokerage firm
- Name of receiving brokerage firm: Apex Clearing
- Name of individual trust or organization: Daffy Charitable Fund
- Account number: 9SC05050
Please note that it's important to record the cost basis of an asset you are donating before transferring the asset to charity as most brokerages do not keep a record of the cost basis once the asset has left your account. You may need this information to fill out tax forms at the end of the year. Daffy does not have access to cost basis information for contributions so we will not be able to provide this information at a future date.
Daffy makes it easy and efficient to contribute stock or crypto to your account. With our user-friendly platform and dedicated support, you can make the most of your contributions and manage your DAF effectively.
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.