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How does Daffy handle stock and ETF donations?


At Daffy, we understand the importance of giving back and making a difference. That's why we've made it our mission to simplify the process of donating stocks and ETFs to your favorite charities. Daffy is a donor-advised fund provider that allows its members to contribute nearly any publicly traded stock to their Daffy fund. This fund can then be sold and donated to any charity of your choice. This method not only allows for a tax deduction but also gives you more time to decide which organizations to support. To contribute stock, all you need to do is log into your Daffy account and select stock as a contribution option. Then, initiate a transfer from your brokerage. The stock will be liquidated and added to your fund balance once received, usually within 7-10 days. By donating appreciated stock instead of cash, more money goes to charity. This is a fantastic opportunity for you to maximize your generosity and make a significant impact on the causes you care about most. Moreover, if you're unsure which organizations to support immediately, you can invest the cash in one of our portfolios to grow tax-free for future donations. This way, you can take your time to decide how to distribute the money once you're inspired to give. At Daffy, we believe in making giving a habit. So why not join our community and start making a difference today? Remember, the minimum stock contribution you can make is $1,000. You can always come back later and contribute more. Please note that the information provided is for educational purposes only and should not be considered tax advice. For a detailed assessment of your specific tax situation, please consult with a tax professional. Daffy Charitable Fund is recognized as a tax-exempt public charity as described in Sections 501(c)(3), 509(a)(1), and 170(b)(1)(A)(vi) of the Internal Revenue Code. For more information, please visit our website or contact our support team. We're here to help you make the most of your charitable giving. © 2023 Daffy Charitable Fund™. All rights reserved.

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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