Gift of Grain, Livestock and Farm Commodities
If you have grain, livestock or other farm commodities, you can donate them prior to sale, and you could be exempt from claiming it as income. You can claim the gift at the market price. The charitable deduction you receive can reduce your state and federal taxes, as well as your self-employment taxes. This savings also reduces your cost of making a charitable gift or could enable you to increase the amount you can give. When making your gift, please reference the Cru (Campus Crusade for Christ) Tax ID Number: 95-6006173.
The benefit for Jim and Jane at harvest time is clear; they chose to give a portion of their corn to the ministry instead of cash, and here they saved $1,830. They now give this way on an annual basis.
For a more complete introduction to Gifts of Grain, Livestock and Farm Commodities, click here for “Keys to Effective Giving” which will provide you with a printer-ready explanation sheet to read and share with others.
To arrange an immediate gift, please contact our Great Commission Foundation toll free at (800) 449-5454, or email us at [email protected].