Farmers have new donation option with local Give a Gift of Grain
SYCAMORE – Farmers and landowners have a new charitable giving option with a collaboration between the DeKalb County Community Foundation and the DeKalb County Farm Bureau Foundation.
Give a Gift of Grain allows farmers to align generosity with their charitable interests by donating grain instead of cash, according to a news release. Farmers can deduct the cost of grain, which typically results in saving self-employment tax, federal income tax and state income tax through the program, and farmers also benefit if they don’t itemize their deductions and take the standard deduction, the release said.
The Gift of Grain account has been established with the Community Foundation, where farmers can direct their grain donation to either the Community Foundation or Farm Bureau Foundation and also earmark the donation for a specific cause or charity, the release said. The Community Foundation will receive the monetary donation and disburse the funds to the intended charitable group.
For more information on giving a gift of grain, visit dekalbccf.org/giftofgrain. For questions, please contact Community Foundation Executive Director Dan Templin at 815-748-5383 or Farm Bureau Foundation Administrator Mariam Wassmann at 815-756-6361.