Support the Food Bank
Giving stock, bonds or other securities allows you to support the Food Bank while potentially realizing significant tax benefits. Fighting hunger with a gift of appreciated securities you’ve held for more than one year is the same as giving cash.
By donating to the Food Bank, you may be able to reduce or avoid capital gains taxes and receive a federal income tax charitable deduction.
And for every dollar donated, your gift will provide enough food for two meals to your neighbors in need.
In order to complete a donation of securities, please complete BOTH steps below:
STEP 1—Contact your broker to transfer your shares.
Below is all the information you should need to complete your transaction:
- Transfer stock to Commonwealth Financial Network, account number 0QF 666297
- For electronic stock transfers, the (DTC) number is 0226
- We are a 501(c)3 nonprofit organization, tax identification number (FEIN) 94- 2418054
For questions about stock transfers, please contact our Commonwealth Financial Network representative, Maureen Richardson at 925-355-1588.
STEP 2—Notify us of your donation.
Complete our stock donation form or by phone at 925-676-7543 ext. 246.
Due to privacy concerns, your bank will not tell us that you have made a stock donation to the Food Bank. In order for us to send your tax receipt letter in a timely fashion and confirm that your stock was transferred, you must notify the Food Bank of your donation.
If you have questions or would like more information about giving stock or other securities, please contact Randy Street at rstreet@foodbankccs.org or call 925-676-7543 ext. 246.
