You submit this transfer to Merrill. 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 Merrill account number
The ticker and number of shares you're contributing
The cost basis of those shares (record it now because Merrill may not keep that information after the transfer)
Your choice of immediate or custom liquidation, which decides which form you use (What happens to my shares after I transfer them to Daffy?)
How do I contribute stock from Merrill?
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).
Download Daffy's pre-filled Merrill form that matches your liquidation choice:
Custom liquidation form (Philanthropist membership feature)
In Section 1, enter your Merrill account number.
In Section 3, use Daffy's receiving details (below) for your liquidation choice.
In Section 3B, list the securities, the number of shares, and the cost basis method or specific tax lots you want Merrill to use.
Don't make the gift anonymous. Daffy needs your name to attribute the shares to your fund.
Review the form, sign it, and submit it to Merrill.
Daffy's receiving details
Use these in Section 3 of the Merrill form.
Receiving firm name: Apex Clearing
Receiving firm DTC number: 0158
Receiving account owner name: Daffy Charitable Fund
Receiving account owner's street address: 221 Main Street, #2061, Los Altos, CA 94023
Account number, immediate liquidation: 9SC05050 (three zeros)
Account number, custom liquidation: 9SC05015
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 Merrill. If it's been more than 7 business days since Merrill sent the shares and you don't see them in your Daffy fund, contact Merrill'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 Merrill sends?
Yes. List the specific lots or cost basis method in Section 3B before you submit the form. Lot choices generally can't be changed after the transfer.
Can I make the gift anonymous?
No. Daffy needs your name on the transfer to attribute the shares to your fund.
What if Merrill 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.