Gifts of Grain
Growing Our Community’s Future with Your Community Foundation
You prepare, you plant, you nurture and you grow. That’s what we do with the charitable gifts entrusted to the Community Foundation of Whitley County, and we invite you to grow the future of our community with us.
Why Donate Grain?
Donating a gift of grain to your Community Foundation is a simple way to make a lasting difference. The value of the grain can be used to start an endowed fund in the name of your family, for a specific church, nonprofit organization important to you or to support charitable causes in your community. No matter what type of endowment you chose to establish or support, you can be sure that your gift of grain is growing the future of your community.
How You Benefit
By giving grain to your Community Foundation, you avoid including the sale of the grain in your farm income. Although a charitable income tax deduction is generally not available to you, the avoidance of declaring it as income is a significant benefit. You deduct the cost of growing the crops which typically results in saving self-employment tax, federal income tax and state income tax. You can benefit even if you don’t itemize your deductions and take the standard deduction.
