Gifts of Stock
A gift of stock is a great way to maximize tax savings and support hungry families. Consult with your financial advisor and consider the following tips:
The Smart Way to Give Appreciated Stock
For stocks that have increased in value (appreciated) and you have held for at least one year, the key to receiving tax savings is to donate the shares directly to Mid-Ohio Foodbank. You receive a double tax benefit by:
- Avoiding capital gains on the profit you've earned, and
- Receiving a full tax deduction for the fair market value of your gift.
Please direct questions and information about your gift to Elissa Schneider at 614-317-9467 or by email at firstname.lastname@example.org.
Making a gift of stock is easy! Simply follow the brokerage information below
Instructions for Donations of Stock to Mid-Ohio Foodbank
STEP 1: Complete Transfer
If the shares are held at a securities firm or other brokerage account: Instruct institution to transfer the shares to the Mid-Ohio Foodbank account at Wells Fargo Advisors with the following information:
- DTC #0141
- Account #58789288
- Mid-Ohio Foodbank Tax ID #31-0865343
Wells Fargo Advisors Contact: Mark A. Brown 614.885.4675.
STEP 2: Notify Mid-Ohio Foodbank of Your Gift
Stock donations transfer to Mid-Ohio Foodbank’s account with no accompanying donor information. In order for the Foodbank to identify your gift and send a tax receipt you will need to provide us with the gift details requested below:
- Donor Name
- Contact Phone Number
- Type of Stock and Number of Shares
- The approximate transfer date
Please notify Mid-Ohio Foodbank of your donation by email, fax, or phone to:
3960 Brookham Drive
Grove City, OH 43123