FREE NEWSLETTER

Forum › Charity

Easy DAF (e.g. Daffy.org) for Donation of Appreciated Stocks

Hello, Humble Dollar community!!  This is my first post, please excuse me in advance if not as articulate as so many of you who contribute to this site.

I am wondering if any of you have recommendations or thoughts on simple DAF platforms for charitable contributions

I have some highly appreciated stock (APPL at ~$250/share with a very low basis) and use this for most of my larger charitable gifts.  I am a devoted Vanguard customer and make direct donations thru Vanguard but tend to find the process a bit tedious – tracking down DTC number, verification that stocks are transferred and notification to the non-profits has caused me many headaches over the years.

I make many smaller donations ($100 or less) throughout the year and so AAPL at $250 won’t work for these donations.

I am planning to set-up a DAF for my smaller donations, probably $2-3k or less a year, and have been researching Daffy.org which seems like a great platform for transfer of appreciated stock (and even crypto).  A DAFFY.org account is $3/month if transferred securities stay under $25k.  Once I transfer securities, they liquidate and have options for me to invest.

Donations go to nonprofit as cash, not securities they need to liquidate, and are identified as coming from me. I can also set-up a charitable fundraising campaign for a non-profit.

There are a few other DAF platforms with low annual fees and minimum account balance that seem like good options.  Of course, I could open a Vanguard DAF but this requires a $25k minimum transfer to open and minimum donations of $500/gift.

Any other recommendations?  Daffy.org is only ~4 years old, Charityvest.org look like another simple platform with a $100 minimum annual fee.  Thanks!!

 

More On This Topic

Email Alerts for this Comment Thread
Notify of
21 Comments
Newest
Oldest Most Voted
Gerry Schreck
11 months ago

I started using Daffy a year ago and have made about 6 contributions from my Vanguard account. Nice that I only have to use 1 DTC number for Daffy through Vanguard’s gifting process. To try out Daffy, I transferred a small number of Vanguard mutual fund shares to Daffy and donated part of the proceeds to a charity. Once I saw this work well, I was very comfortable contributing much larger amounts. You might try this with one or two Apple shares.

Nick Politakis
11 months ago

Welcome and thanks for your post!

Dan Malone
11 months ago

To demonstrate the power of AI, take a look at this comprehensive comparison of various features of DAFs. Quite unbelievable, actually!
https://claude.ai/public/artifacts/98c3b7e9-a539-4f9b-91ff-96d3b76776f7

Last edited 11 months ago by Dan Malone