Give Stock
Give a gift, receive a tax benefit.
About Giving Stock
It is very easy to transfer stocks as a gift to Meals on Wheels San Diego County. The IRS allows you to make a transfer of appreciated stock to a non-profit organization without recognizing capital gains on the appreciation. You must use publicly-traded stocks, bonds or mutual fund shares and you must have held these for more than one year. This allows you to not only make a gift to Meals on Wheels, but receive an additional tax benefit. In essence, you can make a larger donation than you could make with cash and receive a larger tax benefit.
What to do
- You transfer appreciated stocks or bonds or even mutual fund shares that you have owned for more than a year to Meals-on-Wheels Greater San Diego, Inc. (dba Meals on Wheels San Diego County)
- We sell the stocks and use the funds for our programs
Benefits to You
- You receive an immediate tax deduction for the fair market value on the date of the transfer, regardless of what you originally paid for the stocks
- You pay no capital gains tax on the transfer
A gift of appreciated securities may be right for you if:
- You want to diversify your assets without having to pay the capital gains taxes that would result from the sale of appreciated stocks, bonds or mutual funds
- You are holding stocks, bonds, or mutual fund shares for more than a year and they have increased in value
- You want to make a gift that does not affect cash flow or liquidity
Stock and wire transfer instructions
Gift of appreciated stock:
US BANK
A/C 6731033100
DTC 2803
Agents Bank ID 26645
Domestic Wire Transfer:
Recipient Institution: Union Bank
ABA#: 122000496
Account Name: Business Extra Checking
Account#: 0041143322
Address: North Park 0604, PO Box 512380, Los Angeles, CA 90051-0380
Notice
Please check with your tax advisor and plan ahead when selling or transferring ownership of stocks and/or mutual fund shares. Timing is critical to ensure you receive tax credits as intended. Sale date, transfer date, post marked date (if mailed via U.S. Postal Service), or date of receipt by Meals on Wheels San Diego County, (if shipped) may affect year of credit eligibility. Mutual funds are valued at the “net asset value.”
Do you have any questions?
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