What is the process to transfer stock from my brokerage to Daffy?


Transferring stock from your brokerage to Daffy is a straightforward process that can be completed in a few steps. As a Daffy member, you have the ability to make irrevocable contributions of nearly all publicly traded stock. Once we receive your stock, it is liquidated and the balance is added to your Daffy account as soon as it is available. To start the process, you must first create a stock contribution intent on the Daffy app or website. Simply select “Stock” in the “Add Funds” section and follow the prompts to let us know your stock is coming. This step is crucial to ensure that your stock is attributed to your account quickly. Once you've created your stock contribution intent on Daffy, you can initiate the stock transfer directly from your brokerage or through your financial advisor. Here's the account information you'll need: - Receiving Brokerage Name: Apex Clearing - DTC Number: 0158 - Account Number: 9SC05050 (Note: This account number has 3 zeros not the letter O) - Account Name: Daffy Charitable Fund - Daffy's EIN (if needed): 86-3177440 Please include your name in the "For Benefit Of" or "Memo" field to allow us to attribute your stock to your Daffy account. Daffy also 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. Choosing Daffy as your Donor-Advised Fund (DAF) is a great option. Not only do we make the process of contributing stock simple and efficient, but we also ensure that your contributions are put to good use in supporting the causes you care about. With Daffy, you can make a difference while also enjoying the tax benefits of a DAF.

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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