The two-step procedure for donating stock or bonds to SOME is as follows:
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)
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.
If you have a Vanguard account, you can easily transfer mutual funds to SOME. Provide SOME with the “Giving Fund Shares to Organizations” Form from the Vanguard website, fill it in, and mail or email it to SOME for completion. We will send it 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.
Transferring an IRA distribution to a charity allows retirees to avoid paying income tax on the amount withdrawn, and these qualified charitable distributions can be used to satisfy IRA required minimum distributions.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.