Tax-Savvy Giving

Donating stocks or other appreciated assets, such as bonds or mutual funds, is a powerful way to support the Food Bank. When you transfer these assets directly to us, you can potentially avoid paying capital gains tax on the increase in value since you purchased them. Furthermore, you may be eligible for a tax deduction based on the full fair market value of the asset at the time of the gift. This means your contribution could have a larger impact than if you had sold the assets and donated the after-tax proceeds.

Steps to Donate Stock

• Transfer Stock
  Contact your broker to transfer your shares or call our Vanguard contact at: 877-662-7447. Transfer stock to Vanguard, account number 28948289. For electronic stock transfers, the (DTC) number is 0062
• Notify Us
  Notify us of your donation by completing this stock donation form or call us at 925-849-8345.

To protect your privacy, your bank will not disclose that you have made a stock donation. You must complete the stock donation form to receive a tax receipt letter. 

Donor-Advised Funds (DAFs) have become a popular philanthropic tool for many donors. A DAF is a philanthropic vehicle that allows you to make a charitable contribution, receive an immediate tax deduction, and then recommend grants from the fund over time. By supporting us through your DAF, you can streamline your giving process and potentially grow your funds tax-free before making the grant, enabling you to make a larger impact.

If you are 70½ years old or older, you can make a gift directly from your Individual Retirement Account (IRA) to the Food Bank of Contra Costa and Solano. These Qualified Charitable Distributions (QCDs) can satisfy your Required Minimum Distribution (RMD) without increasing your taxable income. This is an efficient way to make a meaningful contribution while enjoying tax benefits. Donate up to $100,000, potentially increasing charitable giving to $200,000 for married couples.

A gift of cash or a pledged gift to be paid over time is a straightforward way to donate and qualifies for tax benefits. Additionally, gifts of securities and mutual funds help avoid capital gains tax.

Transfer cash, securities or other assets to the Food Bank in exchange for fixed annual payments for life that are partially tax-free! The remaining principal will benefit the Food Bank. Start payments now or later. Potential savings on capital gains tax.

Name the Food Bank as a beneficiary of an Individual Retirement Account (IRA), 401k, or other retirement plan. Retain control of your assets. Simple to do. May avoid significant tax burdens for your heirs. Adjust your designation if circumstances change.

The Food Bank gratefully accepts gifts of real estate including primary homes, second homes, commercial buildings, raw land, farms, or other real estate. A real estate gift plan could help you achieve your charitable and financial goals.

Could giving a gift of real estate be right for you?

• You own real estate for which you no longer want to be responsible.
• You are willing to donate your home if you can continue to live in it.
• You own real estate that you are willing to sell to the Food Bank for a bargain price.
• You own real estate that you are willing to donate if you get income in return.
• You want to save income taxes.
• You want to make a generous gift to the Food Bank.

Transfer assets into a trust that pays income for life or a fixed number of years. The remaining principal will benefit the Food Bank. Receive an income tax deduction. Potential savings on capital gains tax.

Provides the Food Bank with an income stream for a specified term while allowing you to pass on appreciating assets to your heirs in the future. Appreciation in the trust passes tax-free to your heirs. Reduces your gift and estate taxes. Reduces or eliminates transfer taxes due when principal reverts to your heirs.

Name the Food Bank as your life insurance policy beneficiary. Simple to do. Irrevocably donating an existing policy you no longer need may provide you with an income tax charitable deduction.

A simple designation in your will or trust. Retain control of your assets during your lifetime. Adjust your gift if circumstances change.

The Food Bank offers free planning services through Giving Docs to our supporters.