Donating appreciated stock or cryptocurrency to charity, such as through a donor-advised fund (DAF) like Daffy, can offer significant tax advantages. When you contribute long-term capital assets like stock or crypto to Daffy, you are eligible to take an immediate tax deduction for the full market value of the asset in the calendar year when the contribution is made. If the asset has appreciated in value since its initial purchase, you are not responsible for paying capital gains tax on the gain. This can result in substantial tax savings compared to selling the asset and donating the proceeds. For instance, if you bought a stock for $1,000 and it has increased in value to $5,000, donating the stock to Daffy allows you to claim a charitable deduction of $4,000, the difference between the value of the stock when you bought it and its current value. Moreover, by donating the stock directly, you can avoid paying capital gains tax on the $4,000 of appreciation. This strategy can be particularly beneficial for those who own stocks or crypto that have appreciated significantly in value. In addition to these tax advantages, donating stock or crypto through Daffy is a convenient and efficient way to support the charities and causes you care about. Many charities have set up processes to accept stock or crypto donations, making it as easy as transferring the assets from your brokerage account or crypto wallet to Daffy's account. As you consider your charitable giving for the year, remember the potential tax advantages of donating stock or crypto through Daffy. By doing so, you can support the causes you care about and potentially save on your taxes at the same time. As always, it is best to consult your tax specialist to understand your specific situation when making a stock or crypto contribution.