The superstar couple have been inundated with presents since welcoming their daughter Blue Ivy into the world on Saturday (07.01.12) and while they are very grateful they want to give the majority of items to those less fortunate.
A source said: "They've been sent literally hundreds of gifts in the past few days. Oprah Winfrey gave a huge trunk of children's books and others like P. Diddy, Kanye West, Rihanna and Mariah Carey have all been sending luxurious baby treats.
"Jay-Z and Beyonce have decided to donate a massive selection of the presents to local charities for young mothers. They've already got the most precious gift - their new baby daughter - so they want to help out other parents who haven't been as fortunate."
However, there is one item the couple want to keep for their daughter - a diamond-encrusted dummy.
The source added to the Daily Star newspaper: "A close friend of theirs in the music industry gave them a diamond-encrusted Cartier dummy - it must have cost $20,000. Blue has officially got her first piece of bling!"
Meanwhile, Blue has become the youngest person ever to appear on the Billboard charts.
The Tiny tot's coos, cries and breathing can be heard on Jay-Z's new song, 'Glory', which was recorded 48 hours after her birth.