Donating stock to Second Harvest Heartland is a meaningful, effective way to end hunger in our community. It makes good financial sense, too. Giving stock held more than 12 months offers a two-fold tax savings.
First, you avoid paying capital gains tax on the increase in value of your stock. In addition, you receive a tax deduction for the full fair market value of the stock on the date of the gift. Subtracting the tax savings from what you originally paid for the stock can result in a gift that costs just pennies on the dollar. This is an excellent option for stock that has appreciated substantially in value.
Stock brokers require instructions in writing. Click here to download the fill-in form. You will need to provide one copy of the form to your stock broker, and mail or email one copy to us at Second Harvest Heartland (address and email provided on the form).
If you are transferring a mutual fund asset, please contact Gavin Burns at 612.782.1526 BEFORE initiating that transaction. Mutual funds require special handling
It is important to notify Second Harvest Heartland when you have completed your request to your broker to ensure that your gift is properly credited. To do this, or if you have any questions, please call Jen Gareis, Advancement Services and Donor Relations Manager at 651.209.7969.
On December 16, 2010, Congress passed the 2010 Reid-McConnell Tax Relief bill. This decision provides two important provisions stand out for immediate giving opportunities:
For your particular circumstances, please consult your professional tax advisor. For questions regarding making a gift to Second Harvest Heartland, contact us.