Give a Gift of Stock from your IRA or DAF
What could be better than helping provide food and resources for those in need, while also making a smart financial decision? By donating appreciated stock you’ve owned for more than a year, you can reap great tax advantages.
Directly transferring appreciated stock to Second Harvest, instead of selling it yourself first, allows you to avoid paying capital gains tax. Plus, you may be entitled to a significant tax deduction.
Second Harvest accepts the following transfer methods for gifts of securities:
Broker: Baird Acct# 4264-5389 DTC#: 0547 Acct. Name: Second Harvest Food Bank of Middle TN
So we may properly credit you for your gift, please make sure your broker includes your name in the transfer
If you are 70 ½ or older, you may make gifts directly from your IRA required minimum distribution to Second Harvest without having to pay income taxes on that money.
Your Donor-Advised Fund allows you to participate in the funding process with great flexibility by recommending a gift to Second Harvest with money you have already designated for this purpose.
Please contact your tax advisor to determine your personal tax benefits.
For further information, contact Marian Eidson, Director of Donor Relationships, 615-627-1564.