Stocks And Securities

Gifts Of Stocks And Securities

Appreciated securities are perhaps the most cost-effective assets to use in making a gift.

When you transfer ownership of long-term holdings to the Community FoodBank of New Jersey, you receive a charitable deduction for their full market value — and you incur no capital gains tax (subject to IRS deduction limits).

Because the donor’s information in electronic transfers is not always complete, please alert us in advance about the stock and number of shares you plan to give. You can do so by contacting Trista Kay, Major Gifts Specialist, at 908-355-3663 ext. 313.

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:

  • Donor name and complete address
  • Name and number of securities transferred

Security Transfers:

Account Name: Community FoodBank of New Jersey

Account Number: 028-08111-5

DTC Number: 0005

Tax ID Number: 22-2423882

Broker: Goldman Sachs & Co.

Wire Transfers:

Account Name: Community FoodBank of New Jersey, Inc.

ABA Number: 021000021

Account Number: 000006052005254

Account Type: Business Checking

Bank Name: JPMorgan Chase Bank, N.A.

Bank Address: P.O. Box 659754 / San Antonio, TX 78265-9754

Bank Phone: (732) 452-6659

IRA Rollovers:

You can transfer or roll over your IRA to the FoodBank. Please contact your financial institution directly to assist you with this process.