Give Stock or Other Securities
Every dollar you donate to the Food Bank equals two meals for your neighbors in need.
Donating stock, bonds or other securities provides significant tax benefits, and may qualify you to reduce or avoid capital gains taxes.
Tax-Savvy Holiday Giving
The holidays are the perfect time to consider donating stocks or other appreciated assets, such as bonds or mutual funds. When you transfer these assets directly before the end of the year, you may potentially avoid paying capital gains tax on the increase in value since you purchased them.
Furthermore, you may be eligible for a tax deduction based on the full fair market value of the asset at the time of the gift. This means your contribution could have a larger impact than if you had sold the assets and donated the after-tax proceeds.
Steps to Donate Stock
- Transfer Stock Contact your broker to transfer your shares or call our Vanguard contact at: 877-662-7447. Transfer stock to Vanguard, account number 28948289. For electronic stock transfers, the (DTC) number is 0062
- Notify Us Notify us of your donation by completing this stock donation form or call us at 925-676-7543 ext. 265.
Give from your Donor-advised Fund
A donor-advised fund (DAF) is like a charitable investment account with the purpose of supporting charities you care about, like the Food Bank. The funds can be invested for tax-free growth and you can recommend grants to your favorite IRS-qualified charities.
If you have a DAF with Fidelity Charitable, Schwab Charitable or BNY Mellon, you can easily give using the widget here.
Questions? If you have questions or would like more information about giving stock or other securities, contact Vice President of Development and Communications Kim Castaneda at 925-676-7543 ext. 265 or kcastaneda@foodbankccs.org.
