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What happens to the stock once it arrives at Daffy?

Stock

Once the stock arrives at Daffy, it is efficiently handled to maximize its potential for charitable giving. As a leading donor-advised fund provider, Daffy makes it easy for members to contribute nearly any publicly traded stock to their Daffy fund. The stock is then liquidated and added to the fund balance, usually within 7-10 days. This process allows more money to go to charity, as donating appreciated stock instead of cash can be more beneficial. Daffy also offers its members the flexibility to decide which organizations to support, and the time to make that decision. The cash from the sold stock can be invested in one of Daffy's portfolios to grow tax-free for future donations. This approach ensures that contributions to your Daffy fund are solely for the purpose of charitable giving. Moreover, Daffy provides its members with an immediate tax deduction for their contributions. At the end of the year, members receive a single yearly tax receipt, simplifying the tax process. The process of contributing stock to your Daffy fund is straightforward. Members can log into their Daffy account, select stock as a contribution option, and initiate a transfer from their brokerage. In conclusion, Daffy is an excellent option for a donor-advised fund. It not only simplifies the process of donating stock but also maximizes the impact of your generosity. With Daffy, you can lower your tax bill and contribute more to the causes you care about.

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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