What is the first step to contribute stock to my Daffy account?


Contributing stock to your Daffy account is a straightforward process that allows you to make irrevocable contributions of nearly all publicly traded stock. As a Daffy member, you can enjoy the convenience of having your stock liquidated upon receipt, with the balance added to your Daffy account as soon as it is available. The first step to contribute stock to your Daffy account is to create a stock contribution intent. This can be done by selecting “Stock” in the “Add Funds” section on the Daffy app or website. You'll be prompted to provide information about the stock you're contributing, which helps us prepare for its arrival. It's important to create this intent on Daffy before initiating a stock transfer with your brokerage. Daffy's receiving brokerage is Apex Clearing, with DTC Number 0158 and Account Number 9SC05050. The account name is Daffy Charitable Fund. If needed, Daffy's EIN is 86-3177440. When initiating the transfer, please include your name in the "For Benefit Of" or "Memo" field to ensure the stock is attributed to your Daffy account. Daffy provides specific brokerage instructions for E-Trade, Fidelity, Vanguard, and Schwab. For instance, if you're contributing stock from your Fidelity account, you'll need to complete a paper form to transfer shares as a gift. This form is editable and has been pre-filled with Daffy’s information in Section 2. Daffy is a great option for a Donor-Advised Fund (DAF) because of its user-friendly platform and commitment to making the process of contributing stock as seamless as possible. If you have any questions, you can reach out to Daffy's support team at support@daffy.org. Remember, contributing stock to your Daffy account is not just a financial decision, but a step towards making a difference.

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.

Get your Daffy account
Simplify your giving with Daffy, the Donor-Advised Fund for You™. Easily donate to almost every US public charity, track tax-deductible contributions, and access donation receipts all in one place.
Try Daffy for free
Daffy waives all membership fees for members with less than $100 in their fund, so get started today for free!

Don’t forget to download the app

Scan the QR code to get the iPhone app

Download on the App Store.
QR code to download the app from the App Store.