Giving stocks, bonds or other securities allows you to support the Capital Area Food Bank while potentially realizing significant tax benefits.
If you own appreciated securities (stocks, bonds or mutual funds held by you for more than one year), donating them to the food bank may allow you to reduce or avoid more capital gains taxes and receive a federal income tax charitable deduction.
You can also designate the food bank as the beneficiary of your securities. Please contact your broker for more information about this simple way to support hunger relief. This type of gift can be especially appealing if you are holding shares that have appreciated significantly in value but yield a low dividend.
In order to complete a donation of securities, please complete BOTH steps below:
Contact your broker to transfer your shares to Charles Schwab. Here is all the information you will need to complete the transfer:
1650 Tysons Blvd. Suite 150
McLean, VA 22102
(703) 761-1569 or (800)435-9050
Fax: (703) 761-1573
DTC #: 0164 Code 40
Account #: 9148-2489
We are a 501 (c)(3) nonprofit organization. Our tax identification number is 52-1167581.
Notify us of your donation by contacting Christel Hair, Senior Director of Strategic Partnerships & Community Engagement at (202) 644-9838 or firstname.lastname@example.org.
Due to privacy concerns, Charles Schwab will not identify you when notifying us about your stock donation to the food bank. In order for us to send your tax receipt letter in a timely fashion and confirm that your stock was transferred, you must notify the food bank of your donation.