Making a Gift of Stock, Bonds, Mutual Funds or IRA

Gift of Stock or Bonds

The two-step procedure for donating stock or bonds to SOME is as follows:

Transfer the gift directly to our investment account at:
Charles Schwab and Company
P.O. Box 628291
Orlando, FL 32862-8291

DTC # 0164 Code 40
FBO Account 2058-9688
Title of Account: So Others Might Eat, Inc. (SOME)

Notify SOME of your gift by emailing lparisi@some.org or calling Linda Parisi at (202) 292-4413. Please include the name and number of shares of the stock, bonds or funds donated, and your full name and address, including a phone number in case our broker needs additional information.

Step 2 is very important because it will allow us to record and to thank you for your gift. We will not know who you are if you or your broker does not notify us.

If stock that you have held for more than a year has increased, you will maximize your tax benefits by donating it. You can deduct (to the extent provided by law) the mean value of the stock on the day SOME receives it into our account.

Gift of Mutual Funds

If you have a Vanguard account, you can easily transfer mutual funds to SOME. Provide SOME with the “Giving Fund Shares to Organizations” Form off the Vanguard website, fill it in, and mail or email it to SOME for completion. We will send to Vanguard for processing. If you are planning your transaction to occur in a particular year, please send the forms to us at least 10 days before the last business day of that year.

Gift from an IRA

IRA account owners who are at least 70½ years of age can donate their IRA withdrawals to charity through tax year 2013. Transferring an IRA distribution to a charity allows retirees to avoid paying income tax on the amount withdrawn, and these qualified charitable distributions can be used to satisfy IRA required minimum distributions. Qualifying distributions may be made in amounts up to $100,000 per year. Learn more here.

THANK YOU FOR YOUR SUPPORT! Please direct questions to Linda Parisi, as above.