A Gift of Stock

Gift of Stock

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 #: 5660-3007
  • Additional Information: a) your name*  b) any details about the use of your gift
  • Maryland Food Bank’s brokerage representative:
        Brown Advisory Securities
        Tony Mavrellos
        Telephone: (410) 537-5516
        Email
Your broker should notify the Food Bank of the expected stock gift by calling (410) 737-8282 or by emailing us here.
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.

*It is very important that you or your broker provide your gift information. Our broker very often receives stock without the donor’s identity included. Completion of your gift details will help us to identify your gift and process your acknowledgement quickly.

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