Give the Gift of Opportunity
If you donate your appreciated securities to the food bank, you can improve the lives of children, families, and seniors in need throughout the Northern Neck and Upper Middle Peninsula region. At the same time, your donation can help you reduce or avoid capital gains taxes on those securities and receive a federal income tax charitable deduction. The larger your gift, the larger your potential deduction.
To help the food bank provide healthy, nutritious food to those who struggle with hunger, you can donate:
- Mutual funds (that you’ve held for more than a year)
You can also designate the food bank as the beneficiary of your securities. This option is great for shares that have appreciated significant value but yield a low dividend. For more information, contact your broker.
What happens when you donate stock?
By liquidating your stock gift right away, the food bank puts your support to work immediately, providing help for families in need.
How to donate your securities
In order to complete a donation of securities, you’ll first need to contact your broker to transfer your shares to Wells Fargo Advisors. You’ll need the following information to complete the transfer:
Wells Fargo Advisors
95 North Main Street
P.O. Box 1688
Kilmarnock, VA 22482
Name: Northern Neck Food Bank d/b/a Healthy Harvest Food Bank
DTC #: 0141
Account #: 8933-0712
We are a 501 (c)(3) nonprofit organization. Our tax identification number is 27-3080400.
Tell us about your donation
After you’ve initiated the transfer, notify Cindy Balderson at 804-250-2277 or firstname.lastname@example.org.
Due to privacy concerns, Wells Fargo Advisors will not identify you when notifying us about your stock donation. You must notify the food bank of your donation, so we can send your tax receipt letter and confirm that your stock was transferred.