If there's one set of new parents who can afford to buy their own baby gifts, it's Beyonce and Jay-Z. However, so many well-intentioned fans and friends have been sending them presents for daughter Blue Ivy, they've decided to donate nearly all of them to charity.

The Daily Star (via Contact Music) quotes an insider who says, "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 Diddy, Kanye West, Rihanna and Mariah Carey have all been sending luxurious baby treats."

The source continues, "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."

The youngest person ever to chart on Billboard, Blue Ivy is now the owner of one expensive item her parents decided not to donate. The source explains, "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!"