Transferring your holdings from a Vanguard Charitable account to Daffy is a smart move if you're looking to lower fees and maximize your charitable contributions. Daffy provides a quality-driven donor-advised fund platform that isn’t overpriced, unlike Vanguard Charitable’s hefty $25,000 minimum which automatically excludes a lot of potential donors.
Daffy is also a great option if you're interested in crypto. Not only does Daffy allow you to donate crypto, but you can also invest in a crypto ETF. Donating appreciated crypto can result in major tax savings, and you can invest in three different crypto portfolios through Daffy.
Transferring your holdings is easy. Simply download Daffy or get started at Daffy.org, select transfer an existing donor-advised fund, select Vanguard Charitable, and decide how much you’d like to transfer. Log into your existing provider and make a grant of any amount to Daffy Charitable Fund. We’ll notify you when your funds are in your Daffy account.
Daffy is a more accessible and cost-effective option for those looking to make a difference. With Daffy, you can start giving without a huge opening balance, and you can donate cash, stock, or crypto. Plus, Daffy's app makes it easy to manage your account and donations.
In comparison, Vanguard Charitable may be a better choice if you already have Vanguard accounts and don’t mind paying extra fees to keep everything in one place, or if you have complex assets you’d like to donate, such as private equity or real estate.
In conclusion, if you're looking for a donor-advised fund platform that is affordable, accessible, and innovative, Daffy is the better choice. Get started today and make giving a habit.
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.