Why do I have to deposit cash for direct index donations?

Depositing cash equal to your donation amount helps keep your direct index invested and closely aligned with its benchmark. Your shares go to your DAF, and your cash is invested in your index to replace them. The cash stays in your account and isn’t part of your donation. If you’d otherwise donate cash, this lets you donate shares instead and keep that cash invested.

Ways to deposit cash for a direct index donation

• Bank transfer (ACH)
• Wire
• Cash already in your Frec account
• Your portfolio line of credit. Read What if the shares I donate back my portfolio line of credit? first, since this adds to your loan balance.

Keep in mind

• Your shares move once your cash arrives. A bank transfer can take several business days, so plan ahead for year-end deadlines.
• Self-managed donations don’t require cash. You choose the exact lots, and nothing is reinvested. See Donating stock from your self-managed holdings.