Donate Stock or Give Through Your IRA
A gift through your appreciated investments can maximize your ability to nourish children today! These gifts are simple to set up and can often provide considerable tax savings.
Stocks, Securities and Mutual Funds
By donating stock that has appreciated for more than a year, you may be able to give up to 20 percent more than if you sold the stock and then made a cash donation!
Here’s how: If you have held a stock for more than a year and it is worth more today than what you paid for it, you will owe capital gains tax (currently up to 20%) on the appreciation when you sell it. However, if you donate appreciated stock to Kids’ Food Basket, you can avoid paying capital gains taxes on the appreciation. Kids’ Food Basket will receive the whole value.
Plus, you are still eligible to deduct the full fair-market value of the asset you donated from your income taxes, up to the overall amount allowed by the IRS. This makes the benefits of donating appreciated stock substantially more advantageous than giving cash.
How do you donate stocks?
We encourage you to seek the advice of your financial, tax or legal advisor about whether donating stocks is right for you.
Then, contact Please contact philanthropy@kidsfoodbasket.org with questions or to obtain account information for making a stock gift to Kids’ Food Basket.
Give From your Individual Retirement Account (IRA)
At the age of 72, you are required to make a minimum annual withdrawal from your IRA, whether you need the income or not. This is called your Required Minimum Distribution (RMD). When you withdraw this income, the full amount is taxed based on the tax bracket you’re in during that year. However, you can avoid these taxes by making a Qualified Charitable Distribution (QCD) directly from your IRA to Kids’ Food Basket. The amount distributed directly to Kids’ Food Basket, or another qualified charity, will not be taxed. You can start making Qualified Charitable Distributions at age 70 ½.
How do you donate from your IRA?
We encourage you to seek the advice of your financial, tax or legal advisor about whether donating from your IRA is right for you. Then, talk with your IRA custodian/administrator and request the paperwork to make a Qualified Charitable Distribution. It can be helpful to also inform Kids’ Food Basket about your plans, as sometimes these checks are sent without the name of the IRA account holder.
Please contact philanthropy@kidsfoodbasket.org. to inform Kids’ Food Basket of your plans for a distribution.
Legal Name: Kids’ Food Basket
Address: 1300 Plymouth Ave NE
Grand Rapids, MI 49505
Federal Tax ID Number: # 04-3760991