Typically, when contributing long-term capital assets like stock or crypto to a donor-advised fund, Daffy members are eligible to take an immediate tax deduction for the full market value of the asset in the calendar year when the contribution is made.
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In the case where such asset is valued above its initial purchase price, you are not responsible to pay a capital gains tax on the gain. This can represent a significant tax saving over selling the asset and donating the proceeds.
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You can learn more about the tax advantages of DAFs on our blog or try out one of our tax savings calculators.
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📈 Stock vs. Cash Donation Calculator
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🌐 Crypto vs. Cash Donation Calculator
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​Please note that the information in our blog articles or calculators 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.
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​You should always consult a tax professional to understand your specific situation. Daffy does not offer tax advice.