You submit this gift online at Vanguard. Daffy does not send it for you. Creating a stock intent tells Daffy to expect your shares. It does not start the transfer.
Before you start
You will need:
Your Vanguard login credentials
The ticker and number of shares you're contributing
The cost basis of those shares (record it now because Vanguard may not keep that information after the transfer)
Your choice of immediate or custom liquidation, which decides the account number you enter in step 6 (What happens to my shares after I transfer them to Daffy?)
How do I contribute stock from Vanguard?
Create a stock intent. Log into Daffy or the iOS app and go to Add Funds > Stocks, ETFs & Mutual Funds (open the stock intent form).
Log into your Vanguard account and go to Transact > Gifting. Click Get Started, review the overview, and select Continue.
Select Gift to a non-Vanguard account and choose the Vanguard account you're giving from (for example, Individual or Joint).
Choose the securities, the number of shares, and the cost basis method or specific tax lots you want Vanguard to use.
When asked who you're sending the gift to, choose A charity. When asked about anonymity, select No. Daffy needs your name to attribute the shares to your fund.
Enter Daffy's receiving details (below), using the account number that matches your liquidation choice, and submit.
Daffy's receiving details
Enter these in Vanguard's gifting form.
Name of receiving firm: Apex Clearing
DTC number: 0158
Name of individual, trust, or organization: Daffy Charitable Fund
Account number, immediate liquidation: 9SC05050 (three zeros)
Account number, custom liquidation: 9SC05015 (Philanthropist membership feature)
What happens after I submit the form?
When your shares arrive and match your stock intent, Daffy notifies you and attributes them to your fund. Transfer timing depends on Vanguard. If it's been more than 7 business days since Vanguard sent the shares and you don't see them in your Daffy fund, contact Vanguard's support team.
Cost basis
Record your cost basis before you transfer the shares. Daffy does not have access to cost basis information.
Frequently Asked Questions
Can I choose which tax lots Vanguard sends?
Yes. Choose the cost basis method or specific tax lots in step 4, before you submit the gifting form. Lot choices generally can't be changed after the transfer.
Can I make the gift anonymous?
No. Select No when Vanguard asks about anonymity. Daffy needs your name on the transfer to attribute the shares to your fund.
What if Vanguard already sent my shares and I didn't create an intent?
Create the intent now and contact support@daffy.org with the ticker, number of shares, and date sent so Daffy can match the transfer.