Donate to St. Mary’s Food Bank through a gift of stock or from your Individual Retirement Account (IRA) and help us continue our mission of Bridging the gap for Arizona communities with nourishment for today and hope for tomorrow.
IRA
Qualified Charitable Distribution (QCD)
Required Minimum Distribution (RMD)
If you are 70 ½ years or older, you can donate to your charities of choice up to $105,000 directly from your taxable IRA. By doing this, you may avoid a higher income tax bracket and prevent phasing out of other tax deductions. There are some other limitations. Please consult a tax professional.
A Qualified Charitable Distribution (QCD) from your IRA will satisfy your Required Minimum Distribution (RMD).
Required Minimum Distributions when you reach a certain age based on your birth year:
- Before 1949: 70 1/2
- 1949 or later, but not 1951–1958: 72
- 1951–1958: 73
- 1960 or later: 75
Contact your financial institution to initiate your Qualified Charitable Distribution (QCD)/Required Minimum Distribution (RMD). Your institution can send your Required Minimum Distribution (RMD) through a Qualified Charitable Distribution (QCD) via check or wire.
Necessary information to send funds to St. Mary’s Food Bank
Tax id: 23-7353532
Physical address: 2831 N 31st Ave, Phoenix, AZ 85009
Wiring instructions
St. Mary’s Food Bank Alliance
Financial Institution:
Wells Fargo Bank Arizona, N.A.
100 W Washington Street
Phoenix, AZ 85003
Account Number: 1175969193
Account Type: Business Checking
Routing Number:
Wire: 121000248
ACH: 122105278
How to Donate Stock
Contact your broker or financial advisor to initiate the transfer, and upon confirmation, St. Mary’s will send an acknowledgment of receipt of your gift.
St. Mary's Food Bank has set up a brokerage account where we accept Depository Trust Company (DTC) transfers of securities:
Merrill Lynch
DTC #8862
Account # 412-04B37
Contact: James Marten
2555 E. Camelback Road, Ste 1000 Phoenix, AZ 85016
TEL: 602-954-5016
Email: [email protected]
Complete and submit this form to help ensure proper recordkeeping.
Worthy of Your Trust
95% of all donations to St. Mary’s Food Bank go directly to help feeding hungry children and families right here in our community.
