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Donate Stocks

Make a Gift of Stocks

Donate StocksYour gift of highly appreciated securities will help struggling Rhode Islanders and may be tax-deductible.  To transfer securities electronically to the Food Bank, contact Jill Gonsalves at (401) 230-1675 or via email.

Here is an example of how a larger gift will cost you less by donating stock instead of cash:

Matt has stocks currently valued at $25,000 that he purchased for $5,000 several years ago.  This will result in a $20,000 capital gain if he sells the securities.  He is in a 35 percent income tax bracket.  If Matt donates this stock to the Food Bank, both he and the organization will reap the benefits.

  • Matt receives an income tax charitable deduction for the full fair market value of $25,000, saving him $8,750 ($25,000 X 35%) in income taxes.
  • Matt bypasses the $20,000 capital gain and in his 15 percent capital gains tax bracket, he saves $3,000 ($20,000 X 15%).
  • Matt’s total tax savings from both capital gains and income taxes is $11,750!  And, the gift only cost Matt the $5,000 he initially invested.

(Please remember that this is a general example.  All tax situations are unique.  We urge all donors to seek professional tax advice prior to making a stock or planned gift.)