POINTS TO KEEP

IN MIND

Gifts of
Agricultural
Products

Shares of crops are considered income and

are therefore not eligible for the tax benefit.
This benefit applies to cash basis sole
proprietorships. Farm C-Corporations do
not have the same tax perspective and may
not qualify.
Gifted product income does not count as
income in government payments limitation
caps.
A charitable income tax deduction is not
generally available.
HCCF does not provide legal or tax advice.
Individual farm situations vary. Always
check with your professional advisor for tax
and legal opinions.

The Harrison County Community

Foundation is a public foundation
established for the receipt of donations and
the distribution of income from permanent
endowment funds for the philanthropic
purposes of Harrison County.

Your Gift Can Provide Funding for:

4-H

4-HScholarships
FFA
Service Organizations
Schools
FFA ChurchesSchools
Scholarships
ServiceChurches
Organizations
Your Favorite Cause

1523 Foundation Way

P.O. Box 279, Corydon, IN 47112
Phone: (812) 738-6668
Fax: (812)738-6864

The Foundation is here to help you

achieve your charitable goals.

www.hccfindiana.org

Livestock
Grain

Timber
Hay

AGRICULTURAL GIFTS
Its easy and its an option many farmers
are not aware of. You can give a readily
available asset and not have to convert it to
cash first.
Tax savings are possible too.
Rather than selling products at market and
then making a gift to the foundation you can
give products directly to your community
foundation. This allows you to avoid
including the sale in your farm income
and/or self-employment tax calculation.
How To Donate
1. Notify Harrison County Community
Foundation that you intend to donate grain,
livestock, timber, or other agricultural
products.
2. HCCF will establish an account with your
selected purchasing facility.
3. Deliver the product to the facility. (You can
designate full or partial loads.)
4. Donor signs a form with the purchasing
facility releasing ownership to HCCF.
5. Net proceeds from the sale will be sent
directly to HCCF and used according to
your wishes.