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How to contribute stock from a joint Schwab account?
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Written by Support
Updated over 3 weeks ago

To contribute publicly traded stocks, ETFs, and/or mutual funds from a joint Schwab account or to initiate your transfer directly from Schwab instead of Daffy, please complete this form.

Step 1: Complete this contribution form on Daffy.

Step 2: Initiate a stock transfer from your Schwab brokerage account by completing this form: https://client.schwab.com/secure/file?cmsid=P-2014616&cv44

Step 3: Complete Section 2 with the following information:

  1. Receiving Institution Account Number: 9SC05050 (Note: This account number has 3 zeros, not the letter O)

  2. Account Title: Daffy Charitable Fund

  3. Contact Name: Alex Gyr

  4. Telephone Number: support@daffy.org

    1. If a number is required, please use the Receiving Institution's (Apex) number: 214-765-1345

  5. Name of Receiving Institution: Apex Clearing

  6. DTC Number: 0158

  7. Please do not check the box to make the gift anonymous. We need your name so we can attribute the transfer to your Daffy fund

Step 4: Print and sign the form.

Step 5: While logged into your Schwab account, go to Message Center and upload this document to send back to Schwab for review.

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.

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