Harvest Season: Opportunity for Farmers to Give Through Gift of Grain

Burgess Health Center is a proud supporter of our community and our agricultural producers whom we rely on to help keep our small towns thriving. We want to make our agricultural leaders aware of the benefits not just on donating to the Burgess Foundation, but simple ways they can make a lasting difference.

Donating grain is an easy way to save on your taxes while investing in the future of Burgess at the same time.  This can be done by providing a part of what you have grown into the Burgess Foundation.  A Foundation that gives back to your own community by investing in updated medical technology, equipment, and resources that help to keep Burgess providing the best patient care possible.

Last year, the Gift of Grain donations received by the Burgess Foundation went to the purchase of a new ambulance for the Emergency Department.

The Benefits of Donating Grain

If the farmer chooses to donate grain, the farmer can then exclude the grain sale from income, which can result in saving on your taxes. Here are some examples of how you can save by donating.

  • State income tax savings (up to 8.98% in Iowa)
  • Self-employment tax savings (15.3%)
  • Federal income tax savings (up to 37%)

How can you donate?

The best way to start is by contacting Bobbi Johnson, Burgess Foundation Director, at (712) 423-9374.

Keep a copy for your records. (This should be unsold crop with no prior sale commitment.)

Transfer the grain as a gift to the Burgess Foundation.  Your elevator can send a warehouse storage receipt to the Foundation. The grain should be put in the name of the Burgess Foundation.

The Burgess Foundation will then sell the grain and receive the proceeds.

Each agricultural producer’s situation is different. Please consider consulting with a tax professional before donating to make sure this is the right choice for you. Remember, no gift is too small.