Stock contributions from Schwab can be initiated in two ways: through Daffy or directly from Schwab.
Option 1: Start from Daffy
Step 1: In your Daffy account, go to Add Funds > Stocks, ETFs, & Mutual Funds > Schwab and enter the details of your stock contribution.
Step 2: Provide an electronic signature using the same signature that Schwab has on file for your account. If the signature does not match, Schwab may reject the transfer.
Step 3: Click or tap "Save Signature." Daffy will send the transfer request paperwork to Schwab on your behalf.
🛑 IMPORTANT - PLEASE READ 🛑
If you complete the Schwab charitable transfer form through Daffy, there is no need to separately log into Schwab to initiate the transfer. Daffy electronically submits your completed form directly to Schwab.
Before submitting, please ensure that all account and stock information is accurate, and that the e-signature you used matches what Schwab has on file. Errors on the form may cause the transfer to fail.
Once the form is submitted, Daffy does not have visibility into the status of your transfer. If you notice a delay in your shares reaching Daffy, contact Schwab directly. We'll notify you when we receive your shares from Schwab and attribute them to your Daffy account.
Option 2: Start from Schwab
If you have a joint brokerage account at Schwab or would prefer to initiate the transfer directly from Schwab, please follow these instructions.
Note about Cost Basis
If you would like to send particular lots of a security, it is important that you enter the correct cost basis on the form. Generally, it cannot be changed after the fact. Please record the cost basis of an asset you are donating before transferring the asset to charity, as most brokerages do not keep a record of the cost basis once the asset has left your account, and you may need the information to fill out tax forms at the end of the year. Daffy does not have access to cost basis information for contributions, so we will not be able to provide this information at a future date.