Gifts of Stock
building a food-secure
INCREASE YOUR GIFT TO SECOND HARVEST AND YOUR TAX DEDUCTION THROUGH GIFTS OF STOCK AND IRA CHARITABLE ROLLOVERS
GIFTS OF STOCK
Do you know about the (double) tax benefits of donating appreciated stock?
As long as you itemize and your gift qualifies, you can claim a charitable deduction for your financial gifts to Second Harvest Food Bank. You may also get an additional tax benefit if you donate long-term appreciated stock instead of cash. By donating it to a qualified charity, you may receive two tax benefits:
(1) If you itemize deductions, you can claim a charitable deduction equal to the stock’s fair market value, and
(2) you can avoid the capital gains tax you’d pay if you sold the stock.
Check with your personal financial advisor and/or tax accountant for professional advice about your unique situation.
How To Donate Stock
Transfer your appreciated stocks online using our free online tool to walk you through the process in less than 5 minutes.
Contact Susan Richardson, Senior Director, Donor Relations, at 336.784.5770 or by e-mail and download this form: Instructions for Charitable Gifts via Stock Transfer
IRA CHARITABLE ROLLOVERS
Supporters 70.5 or older with a traditional IRA are eligible to make a tax-free donation to the Second Harvest Food Bank of Northwest North Carolina directly from their IRAs. These gifts are tax-free, regardless of whether or not you itemize deductions on your tax return.
You can use our online tool to make your tax-free donation online, print out the forms you need to complete the gift offline, or learn more about the benefits of giving from your IRA.
Let’s end hunger in our communities, together.