Donating stock to a charity can save you money on taxes in two significant ways. Firstly, by donating stock, you avoid paying capital gains tax. For example, if you purchased Apple shares years ago at $50 a share and now they're worth $150 a share, you'd have a gain of $10,000. If you sell that stock, you might have a tax bill of as much as $3,000. But if you donate the stock to charity, you never have to pay the capital gains tax, saving you $2,000. Secondly, when you prepare your income tax return, you can deduct the full market value of the stock you donated, up to 30% of your gross income. So if you donate $15,000 worth of Apple stock, you can deduct $15,000 off your income. At a 33.3% rate, that means you could deduct up to $5,000 off your annual taxes. As a result, when you donate stock, you end up with more money in your pocket, and the charity ends up with a larger donation. However, most charities across the United States aren't set up to take stock donations directly. This is where Daffy comes in as a great option for a Donor-Advised Fund (DAF). Daffy makes it easy for you to donate stock to your favorite charities, helping you save on taxes and make a bigger impact on the causes you care about. With Daffy, donating stock is a win-win for you and the charities you support.