Gift of Grain
Make a lasting difference by donating grain to Rice County Community Foundation. Your gift of grain can be used to establish an endowment fund or support existing initiatives, creating a positive legacy for generations to come.
One of the key benefits of gifting grain is the ability to avoid including it in your farm income. While a charitable income tax deduction may not be available, the significant advantage lies in bypassing the declaration of grain as income. By deducting the cost of growing the crops, you can potentially save on self-employment tax, federal income tax, and state income tax.
Learn more about the tax benefits associated with donating grain by visiting our page dedicated to this topic. Your contribution helps us continue our vital work in the community.
Read more about the tax benefits for gifting grain here:
