Stock Donations

Thank you for considering a donation of stock to Community Food Share. There is an advantage to donating stock, rather than cashing it out and donating the money. If you donate the stock, you can claim the full market value of the stock as of the day you donated it as a charitable gift, and you do not have to pay capital gains tax. If you cash it out, you have to pay capital gains tax on the stock.

It is very easy to donate stock. Just follow the steps below.

Step One

Contact your brokerage house and instruct them to wire transfer ______ # of shares of _______ stock in your portfolio to Community Food Share. Or, if the stock is in certificate form, deliver the certificates to your broker along with a letter containing instructions to transfer it.

Indicate that the gift is to be transferred to Community Food Share's account at the Wells Fargo Investment Services office, 1801 13th St., Suite 200, Boulder CO 80302.  The DTC # is 0733. The account name and # is “Community Food Share, Operating Reserve”, # W20844635. Our broker is Matt Winters. If you have any questions or problems with the transfer, you can call Matt at (303) 541-2045, or Angie at (303) 541-2023.

Step Two

Notify our office of this transaction. This is an important step if you want an acknowledgement of the gift. Our brokerage house does not receive details about donations when a wire comes in, and we won't know whom it came from unless you let us know.

Community Food Share, Inc.
6363 Horizon Lane
Longmont, CO 80503
Attn; Terry Tedeschi

303-652-3663 ext 207
303-652-1304 FAX

We will send you an acknowledgement of the gift that you can use for your tax records. Donations to CFS are tax deductible, as we are a 501 (c) (3) non-profit organization. Our tax ID# is 74-2227731. Valuation of the gift (fair market value) is determined by the donor. The fair market value is the average price between the highest and lowest quoted selling prices on the valuation date (the date you transfer the stock).

THANK YOU !