Gifts of Stock
You can donate gifts of stock, mutual funds, and other securities and property to Paul’s Pantry Inc. These gifts are tax deductible to donors who itemize gifts on their taxes.
To avoid any taxes on the gain in these securities, follow these instructions.
Contact Paul’s Pantry at (920) 435-4040 to notify us that you will be making a stock donation.
Contact Paul’s Pantry’s Robert W. Baird & Co. representative at (920)433-7300 to make said donation.
To help make the process as smooth as possible, here is the information you will need
Robert W. Baird & Co. DTC number is 00547
Paul’s Pantry’s account number is 6610-9197
Paul’s Pantry’s tax ID number is 39-1708806
Robert W. Baird will send a letter or email to Paul’s Pantry regarding the gift and an acknowledgement of the gift will be mailed to the donor.
New IRA Rollover Bill
The House has just renewed and made permanent the IRA Charitable Rollover bill. This bill applies to individuals that are 70-1/2 years and older, and allows them to make a direct transfer of up to $100,000 per person from a traditional IRA to benefit qualified 501(C)(3) charities without recognizing the income on a tax return. This legislation was made retroactive to Jan. 1, 2015.
Please note that Wisconsin does not recognize the federal IRA charitable rollover rules; therefore, an IRA charitable rollover will not receive beneficial Wisconsin state income tax treatment under current law.
This legislation is part of the Protecting Americans from Tax Hikes (PATH) Act of 2015.
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