Last updated and tested July 2023 using updated Vanguard Workflows
This process has been tested by contributing Vanguard Mutual Fund shares from a Vanguard Brokerage Account to a Fidelity Donor Advised Fund. It may be appropriate (and slightly different questions in the securities sections) if you are contributing 3rd party Mutual Funds, ETFs or Common Stocks (I just haven't tested those use cases.)
Historical Timing Experience
I am going to list my personal experience with transfer times as I do this at least once annually, any other users of this process can let me know their timing for different types of securities and I will report here. I am most likely only going to be transferring Vanguard Mutual fund assets in the foreseeable future.
Process Involves Four Steps
Identify the shares you wish to donate to Fidelity Charitable.
Fill out the form at Fidelity to identify the source and details of the shares to be donated.
This creates a record of an incoming donation at Fidelity.
Print the form as a reference only, no need to mail to Vanguard.
Use the online form at Vanguard to make the donation, this allows for specifying lots, etc. and controls the date of execution a bit.
Follow the status on both sites until transaction completes.
1. Identify Shares to be donated from Vanguard Brokerage
General rules: pick the shares that are the most appreciated, have at least 1 year holding period and are most overweight in the portfolio asset allocation.
Fund Ticker: ___________
Fund Share Count: ___________
Date Shares were acquired: ____________
2. Fill out the Fidelity Form How to access the Fidelity DAF LOI Form
Login to fidelity.com
Select the Account and Positions form and click on Fidelity Charitable
Select “Fund your Giving Account”
Select “From a Non-Fidelity brokerage account”
Fill out the form with the data below
Vanguard Brokerage Services
Phone: (Vanguard Phone Number)
Street address: (Vanguard - Overnight)
455 Devon Park Drive
Wayne, PA 19087-1815
Account # at Delivering Firm
<<Use your Vanguard Brokerage Account #>>
Complete the form, click next
Securities to contribute
Enter the Security Information collected in Step 1 of this document.
Click next, and save a PDF copy of the LOI, just save for reference, do not forward to Vanguard (Step 3 initiates the process at Vanguard).
3. Fill out Vanguard Form How to find the Vanguard Gifting Form
Login to Vanguard.com
In the search box enter the following string:
This linked worked in July 2023: Vanguard - Change of Ownership
Select the online form for this activity and follow steps to do an online form
click Get started
What type of gift do you want to make?
Gift to a non-Vanguard Account
What type of account are you gifting from?
What account are you gifting from?
<<Choose the brokerage account as appropriate >>
Select the funds you wish to gift from via the list provided on the screen.
Enter the number of shares and the cost basis method.
Who are you sending the gift to? Do you wish to give your gift anonymously? No << or appropriate answer>>
National Financial Services LLC
Name of individual (first, middle initial, last), trust or organization
Fidelity Charitable Giving Account XXXXXXX
Note: this is the public account number for all DAF transfers. See this form for details.
I, <<Name Here>>, sign and agree
check box, click Submit
Backup information, Just in case (but not on online form) Fidelity Charitable Phone
PO Box 770001
Cincinnati, OH 45277-0053
Fidelity Charitable Gift Fund
100 Crosby Parkway
Mail Zone KC1D-FCS
Covington, KY 41015-9325
4. Transfer Request Status The status of the Vanguard form can be checked at
Portfolio > Accounts > Holdings > Gifted Shares
It may take several days for status to show on this page after submittal. This request is the action that makes the transfer happen.
In fact, with the new workflow in July 2023, the does not display any in-process status. The gift only appears here once the transfer has been completed. Way to go Vanguard, sigh.
The status for the Fidelity LOI can be checked on Fidelity Charitable at:
History > Contribution History
Note, this form does not trigger any action at Fidelity, it only prepares the account to receive the transfer from Vanguard. The initiation of the transfer is performed by Vanguard. Fidelity only responds to the transfer request.