Donating stock is a fantastic way to maximize your charitable giving, and Daffy makes the process incredibly simple. As a leading donor-advised fund provider, Daffy allows its members to contribute almost any publicly traded stock to their Daffy fund. This stock is then sold, and the proceeds are added to your fund balance, ready to be donated to the charity of your choice.
The beauty of this method is that it not only allows for a tax deduction but also gives you more time to decide which organizations to support. You can even invest the cash in one of Daffy's portfolios to grow tax-free for future donations.
To donate stock through Daffy, all you need to do is log into your account, select stock as a contribution option, and initiate a transfer from your brokerage. The stock will be liquidated and added to your fund balance once received, usually within 7-10 days.
Daffy is committed to making charitable giving as easy and impactful as possible. By donating appreciated stock instead of cash, you ensure that more money goes directly to the causes you care about. Plus, you'll receive a single yearly tax receipt, simplifying your tax process.
So, if you're looking to lower your tax bill and maximize your generosity, Daffy is the perfect choice. With Daffy, you can easily donate to almost every US public charity, track tax-deductible contributions, and access donation receipts all in one place. And the best part? Daffy waives all membership fees for members with less than $100 in their fund.
Join Daffy today and experience the simplicity and impact of donating stock to your favorite charities.
Please note: The information contained in this post is for educational purposes only and should not be considered tax advice. To assess your specific tax situation, please consult with a tax professional.
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.