When you transfer ownership of long-term holdings to the FoodBank of New Jersey, you receive a charitable deduction for their full market value – and you incur no capital gains tax (subject to IRS deduction limits).
According to IRS regulations, the date of your gift corresponds to the date it arrives in our possession (for transfers from brokerage account to brokerage account). Following is the information necessary to transfer stock to our account:
- Donor name and address
- Name and number of securities transferred
Account Name: Community FoodBank of New Jersey
Account Number: 028-08111-5
DTC Number: 0005
Tax ID Number: 22-2423882
Broker: Goldman Sachs & Co.
Account Name: Community FoodBank of New Jersey, Inc.
ABA Number: 021000021
Account Number: 000006052005254
Account Type: Business Checking
Bank Name: JPMorgan Chase Bank, N.A.
Bank Address: P.O. Box 659754 / San Antonio, TX 78265-9754
Bank Phone: 732-452-6659
You can transfer or roll over your IRA to the FoodBank. Please contact your financial institution directly to assist you with this process.