Share Your Harvest, Support Your Community
We invite you to join us in building a better Lake County by making a gift of grain – a charitable giving option for farmers and landowners. Your gift will support the Lake County Local Food Fund. The Lake County Food Fund focuses on sustaining local farmers and growers, addressing root causes of food insecurity, and lowering barriers to access healthy food in Lake County, Indiana.
Contact us prior to your gift, if you would like to use the value of the grain to start an endowed fund in the name of your family, for a specific nonprofit organization important to you, or to support charitable causes in your community.
An Easy, Tax-Efficient Way to Support Your Community
Deliver Grain to the Elevator
Legacy Foundation has an account set up at the Lake County Co-Op located at 5315 E 141st Avenue, Crown Point, Indiana.
If you use another elevator, please contact us prior to the gift so we can set up an account.
Transfer Desired Number of Bushels
Ask the elevator to transfer XX bushels to Legacy Foundation. The gift must be from unsold grain inventory.
Legacy Foundation Authorizes Sale
Legacy Foundation authorizes the sale of the grain and receives the proceeds.
You will receive an acknowledgement of the transaction from us for your gift of grain.
The Tax Benefits
By gifting grain to Legacy Foundation, you avoid including the sale of the grain in your farm income and taxable income is reduced. Farmers may realize savings on federal and state income tax and self-employment tax and can still deduct the costs of production.
Each farmer’s circumstances are unique. Contact your financial or tax adviser to determine whether a contribution of commodities is best for you.
About Legacy Foundation
Legacy Foundation is the community foundation for Lake County, Indiana. We are a 501c3 nonprofit organization supported by a broad base of individuals, families, and businesses connected by the desire to improve our local community.