How do I contribute stock from my Schwab account?
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Written by Support
Updated over a week ago

To contribute stock and ensure that it is attributed to your account quickly, you must create a stock contribution "intent" first.

To do this, go to the Daffy app or website and select “Add Funds,” then "Stock," and answer the prompts to let us know the details of your stock contribution. Creating an intent helps us avoid delays in attributing your contribution to your Daffy account.

Please note that Daffy only accepts publicly traded stocks and ETFs.

  1. Create a Daffy stock contribution intent (see above)

  2. To initiate a stock transfer from your Schwab brokerage account, use this form:

  3. Complete Section 3 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:

      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

  4. Print and sign the form

  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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