Donating your appreciated stocks or mutual funds is an efficient and generous way to help the Emergency Foodshelf Network (EFN) while realizing significant tax benefits.
The advantage of donating appreciated stock, mutual funds or a personal retirement account is two-fold:
- Reduce or avoid capital gains taxes
- Receive an additional tax deduction for the market value of the stock on the date of your gift
You donation can be completed in two simple steps:
- Print, complete, and mail or e-mail Donation of Securities Form to EFN.
- Contact your broker to execute the transfer and provide EFN’s brokerage information (found on “Donation of Securities Form”)
Privacy is valued at EFN. Your personal and account information is kept strictly confidential. Our broker is not able to obtain your personal account information.
Personalized letters of acknowledgement are sent to all donors for tax purposes.
For questions about donating your securities, or to obtain EFN’s specific account information for the transfer of your securities, please contact EFN’s accountant – Laura Beth Landy – at: lblandy@emergencyfoodshelf.org or call 763.450.3868.