and Beyonce Knowles
are donating most of the baby gifts they have been given to charity.
The rapper and singer have been inundated with presents for daughter Blue Ivy since she was born early on Saturday morning and while they are very grateful they plan to use them to help others who are 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, one item the couple are planning to keep for their daughter is a diamond-encrusted dummy.
The source added to the Daily Star: '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 newborn can be heard breathing and crying on Jay-Z's song, Glory, which was recorded and released 48 hours after her birth.