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What is the minimum account balance required to open a Vanguard Charitable account?

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With Daffy, you can open your account, fund it with cash, stock, or crypto, and choose an investment portfolio all from the convenience of your phone. You can then support any of the 1.5 million non-profits, including charities, schools, and faith-based organizations. This is a stark contrast to Vanguard Charitable, which doesn’t even have an app. In terms of fees, Daffy offers a whopping 61% savings compared to a $100,000 portfolio in Vanguard Charitable. Plus, all Daffy Standard portfolios include Vanguard ETFs, giving you access to Vanguard’s most popular ETFs at a fraction of the price. If you're an active crypto investor, Daffy is an even better choice. It allows you to both donate crypto and invest in a crypto ETF. Donating crypto that has appreciated for over a year can result in major tax savings. Transferring holdings from your Vanguard Charitable account to Daffy is also easy. Simply download the Daffy app or get started at Daffy.org, select transfer an existing donor-advised fund, select Vanguard Charitable, and specify how much you’d like to transfer. In conclusion, if you want to lower fees, maximize your charitable contributions, and start giving without a huge opening balance, Daffy is the better choice for you. Join the Daffy community 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.

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