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 Stock
and Mutual Funds
Are you looking for a tax-wise way to keep the shelves stocked
at Central Florida's emergency food pantries and other providers?
Are you holding shares of stock that have appreciated significantly
in value but pay a low dividend?
Consider donating appreciated securities (stocks, bonds,
or mutual funds) that you've held for more than a year to
Second Harvest Food Bank of Central Florida. By doing so,
you may be able to reduce or completely avoid paying capital
gains taxes while receiving a federal income tax charitable
deduction (always consult your professional tax advisor).
And the real payoff is that every dollar you donate will be
magnified nine times in terms of the food value provided to
the community.
Second Harvest Food Bank of Central Florida accepts the following
transfer methods for gifts of securities:
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Electronic Transfer
Stock can be gifted electronically by providing your broker
with permission to do so, and by furnishing him or her
with transfer instructions provided by our Food Bank's
Development staff. Please contact Greg Higgerson at 407-295-1066,
ext. 25 for complete instructions on how your stock can
be easily transferred to the Food Bank's broker, MorganStanley.
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Mutual Fund Transfer
We recommend that you or your broker contact the mutual
fund representative and our Food Bank's Development staff
at 407-295-1066, ext. 25 when gifting units of a mutual
fund. The transfer procedure may vary from one mutual
fund to another.
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Physical Delivery
Physical stock and bond certificates may be mailed (certified
mail with return receipt requested or professional delivery
service highly recommended) or hand-delivered directly
to:
Second Harvest Food Bank of Central Florida
ATTN: Development Department
2008 Brengle Avenue
Orlando, FL 32808
When mailing certificates, please enclose our printed
form that details information about your gift.
The registered owner of the certificate, the stock power
or bond power must sign exactly as the name appears on the
certificate, and requires a Medallion Signature Guarantee
(usually available from your bank or broker). It is recommended
that the certificate and power be sent under separate cover,
each with a letter of instruction enclosed.
For more information on giving securities or other types
of gifts, please contact Greg Higgerson at 407-295-1066, ext.
25 or greg@foodbankcentralflorida.org.
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