What types of stocks does Daffy accept?


Daffy Charitable Fund is a fantastic option for a Donor Advised Fund (DAF) as it accepts nearly any publicly traded stock. This means that if you're an investor who has seen a significant rise in your stock portfolio this year, you can contribute some of your stocks to your Daffy fund. Daffy makes the process of donating stocks incredibly easy. All you need to do is log into your Daffy account, select stock as a contribution option, and initiate a transfer from your brokerage. Once the stock is received, it will be liquidated and added to your fund balance, usually within 7-10 days. Donating appreciated stock instead of cash allows more money to go to charity. Plus, it provides you with a tax deduction and gives you more time to decide which organizations to support. If you're unsure of which charities to support right away, you can invest the cash in one of Daffy's portfolios to grow tax-free for future donations. Remember, contributions to your Daffy fund are for the sole purpose of charitable giving. Once you contribute, you can't take that money out. But this benefits you because you can take an immediate tax deduction, you have time to decide how to distribute the money, and at the end of the year, you'll receive a single yearly tax receipt. So, if you're looking to maximize your generosity to charities and benefit personally, consider Daffy as your DAF of choice. Please consult with a tax professional to assess your specific tax situation. 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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