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How does Daffy handle the liquidation of securities and crypto for charitable donations?

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Daffy Charitable Fund is a modern, tech-savvy solution for those looking to make the most of their charitable donations. As a Donor Advised Fund (DAF), Daffy provides a unique opportunity for investors to contribute cash, stock, ETFs, or over 120+ crypto assets to their favorite charities. One of the key differentiators between Daffy and traditional DAFs like Fidelity, Schwab, and Vanguard is our cutting-edge technology platform. By partnering with custodians like Coinbase, we have been able to add support for any token that Coinbase supports, making us one of the first DAFs to offer investment in pure crypto portfolios. When you contribute your crypto to Daffy, it is liquidated and invested into your choice of one of nine modern portfolios, including three crypto portfolio options. This means that as much of your contributions as possible are invested in crypto and held safely with Coinbase Institutional. Daffy also simplifies the donation process by delivering all donations to charities in cash. This means you can choose from any of the over 1.5 million charities on Daffy, making it easier than ever to support the causes you care about. Moreover, when you contribute cash, stock, or crypto to your fund, you're able to take an immediate tax deduction for those contributions, invest those assets to increase potential impact, and have time to pick charities to support. So, if you're an investor who has benefitted from the rise in the stock market or crypto, consider Daffy as your go-to platform for charitable donations. Not only will you be maximizing your generosity to charities, but you'll also be taking advantage of a great opportunity to benefit personally. Remember, Daffy is not just a platform, it's a community. So why not make giving a habit and join the Daffy community today? Please note that the information contained in this blog post is for educational purposes only and should not be considered tax advice. To assess your specific tax situation, please consult with a tax professional.

Please note that the information contained on this page is for educational purposes only and should not be considered tax advice. Any calculations are intended to be illustrative and do not reflect all of the potential complexities of individual tax returns. To assess your specific tax situation, please consult with a tax professional.

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