Give A Gift Of Grain
Use what you grow to feed your charitable goals
Gifts of grain can provide support to any charitable fund at the Kosciusko County Community Foundation, including a fund you start.
Donating grain to the Community Foundation to create a family fund, support a nonprofit you value, or strengthen local charitable causes is a simple way to make a lasting difference. Whatever you choose, your gift will help grow your community’s future.
To access the donation receipt to record your gift of grain, click HERE.
The Benefits of Donating a Commodities Gift
You won’t pay self-employment, federal, or state income tax on commodities gifts, but you can still deduct expenses related to the production of the commodities you are donating. The tax savings can be considerable. Crops produced for sale in a farming operation are considered “ordinary income property.” The deduction of such a gift to a charitable organization is limited to the lesser of fair market value or cost basis. Typically, the cost basis has already been deducted from income as the cost of producing the crop, making the cost basis zero ($0). So, while the gift provides income tax savings, it does not provide you with a charitable tax deduction.
How to Complete a Gift of Grain or Beans
When you deliver the gifted grain or beans to the elevator, tell them what amount you are donating, by transferring ownership, to the Kosciusko County Community Foundation (KCCF). It is important that you do this before the commodity is sold.
Ag Plus, Inc., CereServ, Clunette Elevator, Deatsman Grain Farms, Louis Dreyfus, and Mentone Grain & Feed have standing selling instructions from KCCF and know to send the check from the sale to us. If you work with a different elevator and would like us to contact them, we are happy to do so.
We will contact you after you make your gift and issue you a receipt with details about your gift.
What Will My Gift Support?
Gift of grain can provide support to any charitable fund at the Community Foundation, including a fund you start. Click here for a full list of funds. If you would like to start a new named fund, please call 574-267-1901.
Unless you specify a fund, proceeds will go to the Ag Cares Fund, which supports local food, youth, and ag-related programs.
Participating Elevators
The Community Foundation does not offer tax advice. Please contact your tax or financial advisor to determine the kind of gift that makes the most sense for you.