Support Local Food, Youth And Ag Education Programs Through A Gift Of Grain Donation
August 24, 2023 at 4:31 p.m.
This fall, the Kosciusko County Community Foundation invites the local agricultural community to make a “Gift of Grain” to the Ag Cares Fund.
“The process is simple,” said Stephanie Overbey, Foundation CEO. “When delivering grain to your elevator, let them know how much should be set aside for a gift to charity.”
The grain given to the Community Foundation will be sold according to the Foundation’s instructions, in the Foundation’s name. Unless otherwise specified, all proceeds go to the Ag Cares Fund.
The following local elevators participate in Gift of Grain:
• Clunette Elevator
• Creighton Brothers
• Deatsman Grain Farms
• Louis Dreyfus
• Mentone Grain & Feed
The Ag Cares Fund supports charitable activities important to the local agricultural community, including food programs, youth programs and ag education programs.
“The fund is an endowment,” said Overbey. “The principal of the fund is not spent, but income generated from investments are available for grantmaking — forever!”
Since its inception, the Ag Cares Fund has awarded more than $11,000. Grants have supported FFA programs at four area high schools; food programs through Hoosiers Feeding the Hungry; Combined Community Services; Boomerang Backpacks; Fellowship Missions; Classroom Lake Experience through the Lilly Center for Lakes & Streams; and 4-H programming.
Donors may enjoy tax benefits by giving a Gift of Grain, as well. “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,” Overbey said. “The tax savings can be considerable.” Donors are encouraged to contact their tax or financial advisor to determine if a Gift of Grain makes sense for them.
For more information about making a Gift of Grain, visit kcfoundation.org/ag or call 574-267-1901.
Latest News
E-Editions
This fall, the Kosciusko County Community Foundation invites the local agricultural community to make a “Gift of Grain” to the Ag Cares Fund.
“The process is simple,” said Stephanie Overbey, Foundation CEO. “When delivering grain to your elevator, let them know how much should be set aside for a gift to charity.”
The grain given to the Community Foundation will be sold according to the Foundation’s instructions, in the Foundation’s name. Unless otherwise specified, all proceeds go to the Ag Cares Fund.
The following local elevators participate in Gift of Grain:
• Clunette Elevator
• Creighton Brothers
• Deatsman Grain Farms
• Louis Dreyfus
• Mentone Grain & Feed
The Ag Cares Fund supports charitable activities important to the local agricultural community, including food programs, youth programs and ag education programs.
“The fund is an endowment,” said Overbey. “The principal of the fund is not spent, but income generated from investments are available for grantmaking — forever!”
Since its inception, the Ag Cares Fund has awarded more than $11,000. Grants have supported FFA programs at four area high schools; food programs through Hoosiers Feeding the Hungry; Combined Community Services; Boomerang Backpacks; Fellowship Missions; Classroom Lake Experience through the Lilly Center for Lakes & Streams; and 4-H programming.
Donors may enjoy tax benefits by giving a Gift of Grain, as well. “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,” Overbey said. “The tax savings can be considerable.” Donors are encouraged to contact their tax or financial advisor to determine if a Gift of Grain makes sense for them.
For more information about making a Gift of Grain, visit kcfoundation.org/ag or call 574-267-1901.