“Gift of Ag Commodities” Archive
A Gift of Grain Improves Medical Service
A few years ago Bryan learned about the tax advantages of making a charitable gift of grain. “As a self-employed, sole proprietor, giving bushels of grain makes the best sense because I can deduct all of my production costs, and I don’t have that profit to claim. Tax-wise it’s way more beneficial than making a gift of cash,” Bryan said.
Gifts of Grain Support Today’s Needs; Tomorrow’s Dreams
Chad Korth and Tara Buell Korth
Chad and Tara’s gift of grain will help build Norfolk’s endowment. They believe that an everlasting pool of money, creating ways to reinvest year after year, is a great idea.
Gifts of Grain: Give more to your community. Pay less in taxes.
Dan and Sarah Miller
More and more farmers are considering gifts of grain to fulfill their charitable intentions.
When a farmer delivers grain to market and transfers ownership to a charity, they get greater tax savings than if they sell the commodity and then write a check from the proceeds.
The Nebraska Community Foundation makes it easy for ag producers to make charitable donations.
A Gift of “Stock” is “Appreciated” in Diller
Al Svajgr has been involved in cattle feeding, ranching, farming and banking in Dawson County, at Cozad, since 1977. He was chairman of the Beef Board, a national group of beef producers, so the gift made perfect sense. “All the gain I had in those animals would have been taxable if I’d sold them and then made a cash donation,” he said. “This way, I was able to give more value, because I didn’t have to pay taxes on the capital gains.”
Unique Gift Launches a Family Legacy
Paul and Karen Seger
Paul and Karen Seger have lived in the Atkinson, NE area all their lives. They raised eight children there, owned and operated the funeral homes in Atkinson and Stuart, and served as volunteers and community activists.