A stock portfolio can be an incredibly valuable asset — and one that may carry substantial capital gain or appreciation in value. With careful planning, you can reduce or even eliminate federal capital gains tax while supporting our work.
If you are ready to make a gift of stock to Maryland Food Bank, you can follow the instructions below:
Provide your broker with the following information:
DTC #: 0141
Maryland Food Bank Account #: 5472-3527
Your Name: Without your name, we will have no way of knowing where your generous gift came from. Please give your broker permission to release your name and contact information to the Maryland Food Bank so that we may acknowledge you properly. If you wish to be marked as an anonymous donor in our donor publications, you or your broker may make this request.
Maryland Food Bank’s Brokerage Representative: Brown Advisory Securities, Tony Mavrellos, (410) 537-5516
Upon receipt of the stock transfer, Brown Advisory will send a confirmation to the Maryland Food Bank confirming the gift date and the high and low trading price on the day of transfer. The gift value will be recognized as the average of the high and low trading price, and the gift date will be documented as the date of the electronic transfer.
You will receive an acknowledgement letter and receipt from the Maryland Food Bank based on the information provided by Brown Advisory, which will include share prices used to value the gift.
Have a Question?
If you have questions about your tax deduction, a tax adviser can help you determine the exact amount of your deduction for a gift of stock.
If you have questions about donating stock to the Maryland Food Bank, please call our Philanthropy Department at (410) 737-8282 and speak with one of our donor service representatives or email our Philanthropy Department. We’re happy to help, without obligation.