STOCKS
Bring the power of Wall Street to the heartland when you donate shares of stock to help end hunger.
Help End Hunger With
A Tax-Efficient Stock Donation
Donating stock or securities to Second Harvest Heartland is a meaningful and effective way to ensure hungry neighbors in our community have enough food to feed themselves and their families.
We accept stocks, securities and mutual fund shares. You can donate anytime—or specify your stock donation as part of your will or estate plan.
Benefits for Stock Donors
Donating stock makes good financial sense. When you support our food bank with a stock donation, you can:
- Avoid paying capital gains tax on the increase in value of your stock.
- Receive a tax deduction for the full fair market value of the stock on the date of the gift.
- Skip the commission fees and make an even bigger impact on hunger.
A Smart Option When Stock Appreciates
Subtracting the tax savings from what you originally paid for the stock can result in a gift that costs just pennies on the dollar. Donating is an excellent option for stock that has appreciated substantially in value.
“This stock will help Second Harvest Heartland in a meaningful, effective way to make sure people have enough food to feed themselves and their families.”
How to Donate Stock
Stock gifts allow you to take advantage of tax savings, and are an easy and convenient way to support Second Harvest Heartland. Stock gifts are tax deductible to the full extent provided by law. To make a gift, please follow the steps below.
- Please provide your broker with Second Harvest Heartland’s brokerage account information.
Brokerage: Morgan Stanley, 380 Saint Peter Street Ste 1000 St. Paul, MN 55102
Account #: 390-058448
DTC#: 0015
Federal Tax ID #:41-1414710
Brokerage Contact:
Cassie Dowd
Graystone Consulting Twin Cities
Direct Phone: 651-215-8483
Cassandra.Dowd@MSGraystone.com
- Please send a copy of your request to Second Harvest Heartland at the contact information below:
Patrick Soldan
Second Harvest Heartland
7101 Winnetka Ave N
Brooklyn Park, MN 55428
Direct Phone: 651-505-7144
Please notify Second Harvest Heartland when you have completed your stock transfer request to your broker. When you inform us of your stock gift, with your name, we can then send you a tax receipt for our records. If you do not notify us, we do not know who donated stock because the bank does not inform us of the donor.
Questions about donating stock to Second Harvest Heartland? Contact Patrick Soldan at 651-505-7144 For questions related to your specific circumstances, consult your tax professional.
LASTING LEGACY
Gift of Stock Leaves
Frequently Asked Questions
Gifting stock to Second Harvest Heartland is easy. Complete this stock donation form and provide copies to your stockbroker and to Second Harvest Heartland. Your stockbroker will initiate the gift directly from your accounts to our food bank.
No. When you donate stocks, cryptocurrency or other appreciated assets that you’ve held for more than 12 months, you do not pay capital gains tax on the appreciated value. Plus, your can itemize your charitable donation of stock in your tax deductions, just like other charitable gifts.
No. At Second Harvest Heartland, we process your stock gift commission-free. This ensures your generous support has the maximum possible impact in our community.
You can find all the necessary information to donate stock to Second Harvest Heartland on this stock donation form.
Second Harvest Heartland is a tax-exempt 501(C)(3) nonprofit organization recognized by the IRS, tax ID number: 23-7417654. Your gift is tax-deductible as allowed by law.