Donor Advised Fund (DAF)
Allows individuals to make charitable contributions and receive an immediate tax deduction. The funds are managed by a DAF custodian and give the flexibility to recommend how much and how often money is granted to the North Texas Food Bank. You can recommend a grant or recurring grants now to make an immediate impact or use your fund as a tool for future charitable gifts.
You can also create a lasting legacy by naming the North Texas Food Bank the beneficiary of the entire account or a percentage of the fund.
Stocks, Securities and Mutual Funds
Many people choose to give stocks, securities or mutual funds instead of gifts of cash. Giving appreciated assets like these help you avoid paying capital gains taxes, and can give you an income tax deduction for the full value of the gift, if you’ve had the assets for more than one year.
Give appreciated assets now and enjoy the benefits or add us as a beneficiary of these assets and eliminate estate and inheritance tax, making the most of your gift.
Real Estate
Making a gift of real estate to charity may be an appealing option for property owners with appreciated value, as it helps avoid capital gains tax liabilities. And you no longer have to deal with that property’s maintenance costs, property taxes or insurance.
Qualified Charitable Distributions (QCD)
A tax-efficient way for individuals who are age 70 ½ or older to make gifts directly from their Individual Retirement Account (IRA). QCDs can count toward satisfying an individual’s Required Minimum Distributionm (RMD) for the year, which is the minimum amount that an individual must withdraw from their IRA each year once they reach age 73.
Learn More about NTFB
The North Texas Food Bank is a certified member of and the eight largest organization in the Feeding America Food Bank Network. Feeding America, the nation’s largest domestic hunger-relief organization, solicits food and grocery products from national suppliers, distributes them through more than 200 food banks and provides food banks with operational support. It also educates the public and government officials about the ongoing problem of hunger.