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You are at: Planned Giving > Gift Options > What to Give > Gifts of Ag Commodities > Steps to Make a Charitable Gift of Grain

Grain

Steps to Make a Charitable Gift of Grain:

Following these specific steps will help ensure that you receive the intended tax benefits from a gift of grain. Failure to follow these steps may result in the IRS treating the transaction as a sale by the farmer resulting in a contribution of cash, rather than as a contribution of grain. As a donor, you should follow these steps to ensure that ownership of the gifted grain is transferred prior to sale and you receive recognition for your gift:

  1. Inform Nebraska Community Foundation to advise us that a gift is about to be made.
    Contact Les Long, Controller 402-323-7346 or [email protected]
  2. Complete the Letter from the Producer Regarding a Gift of Grain (pdf) form notifying us that you are making a gift of grain. Indicate the quantity and type of grain being contributed and the affiliated fund (and related purpose) to which your contribution is directed. Send the letter to the Nebraska Community Foundation, PO Box 83107, Lincoln, NE 68501-3107. You may also email the letter to [email protected] or fax it to 402-323-7349. 
  3. Send a copy of the letter to the treasurer of the affiliated fund to which your gift is directed. NCF can provide the treasurer's contact information. 
  4. When you deliver the gifted grain to the local elevator, tell the grain elevator to issue a storage receipt in the name of Nebraska Community Foundation. The storage receipt is the evidence that ownership of the grain was transferred from the farmer to NCF. Send the storage receipt to NCF at the address in Step 2.
  5. Instruct the grain elevator that it must send the contract to sell the grain to the Nebraska Community Foundation for signature. The contract can be mailed to the address in Step 2 or faxed to the attention of Les Long at 402-323-7349. If the elevator does not use written contracts for grain sales, NCF will provide a completed Instructions to Grain Elevator for Gift of Grain (pdf) form. Because NCF owns the grain following your gift, you may not instruct the elevator to sell it.
  6. Remind the grain elevator to issue the check for the sale of the grain to Nebraska Community Foundation and send it to the address in Step 2.
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