Stock Transfer Information
Gifts of appreciated securities can be an excellent and cost effective way to bless the poor!
When you transfer ownership of long-term holdings to Food for the Poor Inc., you receive a charitable deduction for their full market value — and you incur no capital gains tax (subject to IRS deduction limits). IT’S A BEAUTIFUL TRADE OFF — NO TAX FOR YOU; GREAT JOY FOR THE POOR.
We appreciate your gift and want to be able to attribute it to you and thank you properly. Because electronic transfers do not always include the donor’s name, please alert us when you are giving stocks. You may email details regarding the stocks being transferred (name/number of shares) to firstname.lastname@example.org or our Assistant Controller, Mr. Ray Barrett at 954-427-2222 ext.6114.
According to IRS regulations, the date of your gift corresponds to the date it arrives in our possession (for transfers from brokerage account to brokerage account). Following is the information necessary to transfer stock to our account:
- Broker: Merrill Lynch, Inc.
- Merrill Lynch's DTC #: 8862 (you must advise your stockbroker of this number)
- Contact at Merrill Lynch: Diego A Obando, Financial Advisor
- Contact phone number: (800) 842-3005 or (305) 347-2536
- Contact fax number: (305) 929-8247
- Email: email@example.com
- Food For The Poor's Tax ID #: 59-2174510
Upon making your donation it is critical that you email us at firstname.lastname@example.org and inform us of the following information to properly process your gift and thank you accordingly:
- Your name
- Your address
- The name of the stock/s
- The number of shares
Don't have a brokerage account?
If you do not have a brokerage account and have the original stock certificate in your possession, please sign it in the appropriate place on the back of the certificate, exactly as your name appears in the front (If the certificate bears the names of two persons, both must sign).
Have your signature(s) guaranteed by any bank or broker (a Medallion guarantee is required) and mail it to us along with a stock power also obtained from any broker. If you do not send the stock power, upon receipt of your shares, our stockbroker will assist you with any additional documentation or steps to be taken.
Should you need additional information or assistance, please contact us at (954) 427-2222 ext. 6114 or email us at email@example.com.
* This account information is accurate as of February 23, 2018.