Donating stocks, bonds, or other securities allows you to support the Capital Area Food Bank while potentially receiving significant tax benefits.
Give the gift of opportunity
If you donate your appreciated securities to the food bank, you can improve the lives of children, families, and seniors in need throughout the Washington, DC, region. At the same time, your donation can help you reduce or avoid capital gains taxes on those securities and receive a federal income tax charitable deduction. The larger your gift, the larger your potential deduction.
To help the food bank provide good, healthy meals to people experiencing hunger, you can donate:
- Stocks
- Bonds
- Mutual funds (that you’ve held for more than a year)
You can also designate the food bank as the beneficiary of your securities. This option is great for shares that have appreciated significant value but yield a low dividend. For more information, contact your broker.
What happens when you donate stock?
By liquidating your stock gift right away, the food bank puts your support to work immediately, providing help for families in need.
How to donate your securities
In order to complete a donation of securities, you’ll first need to contact your broker to transfer your shares to Charles Schwab. You’ll need the following information to complete the transfer:
Charles Schwab
1650 Tysons Blvd. Suite 150
McLean, VA 22102
Name: Capital Area Food Bank
DTC #: 0164 Code 40
Account #: 9148-2489
We are a 501 (c)(3) nonprofit organization. Our tax identification number is 52-1167581.
Tell us about your donation
After you’ve initiated the transfer, notify Brad Jensema at 202-644-9829 or bjensema@capitalareafoodbank.org.
Due to privacy concerns, Charles Schwab will not identify you when notifying us about your stock donation. You must notify the food bank of your donation, so we can send your tax receipt letter and confirm that your stock was transferred.