What is a stock contribution intent and how do I create it?


A stock contribution intent is a crucial step in the process of contributing stock to your Daffy account. As a Daffy member, you have the ability to make irrevocable contributions of nearly all publicly traded stock. Once received, all stock is liquidated and the balance is added to your Daffy account as soon as it becomes available. Creating a stock contribution intent is simple. First, go to the Daffy app or website and select “Stock” in the “Add Funds” section. Follow the prompts to let us know your stock is coming. It's important to create a stock contribution intent on Daffy before initiating a stock transfer with your brokerage. Daffy's account information is as follows: - Receiving Brokerage Name: Apex Clearing - DTC Number: 0158 - Account Number: 9SC05050 - Account Name: Daffy Charitable Fund - Daffy's EIN (if needed): 86-3177440 To ensure your stock is attributed to your account quickly, please put your name in the "For Benefit Of" or "Memo" field when initiating the transfer. Daffy provides specific brokerage instructions for E-Trade, Fidelity, Vanguard, and Schwab. If you have any questions, you can reach out to us at support@daffy.org. Daffy is a great option for a Donor-Advised Fund (DAF) as it allows you to contribute stock easily and efficiently. With Daffy, you can make a significant impact on the causes you care about most.

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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