The Greater Boston Food Bank
 
 
 
Register/Log-in
Volunteer
Celebrate/Honor Someone
Become a Monthly Donor
Double or Triple Your Gift
Join the Harvesters Circle
Join the Kitchen Cabinet
Help Build The New Food Bank
Participate in an Event
Give a Gift of Stock
Make a Bequest
Become a Corporate Partner

Donate Now
 

 

Give a Gift of Stock

Fighting hunger with a gift of appreciated securities-stocks, bonds or mutual funds you've held for more than a year-is the same as giving cash. You enjoy the same deductions and pay no capital gains tax on the transfer. The Food Bank gets the deeply appreciated support we need to keep our neighbors from going hungry.


UPDATE: Charitable IRA Rollover provision extended through tax year 2009

On October 3, 2008, President Bush signed into law the Emergency Economic Stabilization Act of 2008 (H.R. 1424).  While the main feature of the Act is the rescue/bailout package, it also extends certain portions of the Pension Protection Act of 2006 that expired on December 31, 2007.  The centerpiece of the legislation from a gift planning perspective is the IRA Rollover provision.  This provision allows individuals to make distributions from their IRA accounts directly to a charity without recognizing the distribution as income.  The provision will be made retroactive to Jan. 1, 2008, and will apply to gifts made from that date through Dec. 31, 2009.  The following limitations apply:

  • The donor must be age 70 1/2 or older.
  • The cap on annual IRA rollovers is $100,000.
  • The contribution must be a direct gift to a charity (no planned gifts).



Note: This page provides general financial information, not to take the place of professional
financial or legal advice. As with any tax strategy, please consult your professional tax advisor.

Please let us know your stock gift intentions by submitting the form below.

* indicates required field

*  
*  
 
*  
*  
*  
*  
*  
*
 

*  
 
 
*  


Enter Text Shown in Picture: