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The Benefits of Commodity Gifting

As harvest time approaches, we kindly ask you to prayerfully consider a commodity gift from your fields or barns to benefit the people we support through the ministries of Hope Haven. Through abundant generosity, over $10,000 was raised through gifts like corn, soybeans, cattle, hogs, and hay this past year. This successful program enables those who produce crops, grains, and livestock to better support ministries like Hope Haven directly from their yield.

A farm commodity, presented to Hope Haven as a gift, may present a special opportunity to make a donation and reduce your taxes if you are an
operating, materially participating farmer (this arrangement does not apply to a crop-share land-lord). Grain, hay, and livestock are the most common types of commodity gifts. Since your donation is made prior to recording commodities as income, you can increase your giving to a worthy cause while possibly providing income tax benefits to you and your family.
 

How to give a commodity gift: When you deliver your commodity, inform the livestock buyer or grain elevator that you would like to designate it as a donation to Hope Haven.

How this work?

  • When you decide you want to donate through this program, we ask that you sell the commodity for us, acting as our agent. The check can be addressed to: Hope Haven Foundation 1800 19th Street, P.O. Box 70 Rock Valley, IA 51247
  • Please have the buyer enclose the following item with the checks: a scale ticket, auction receipt, or any other documentation of the transaction (quantity and condition of the commodity, name of the agent who delivered the gift on our behalf, etc.
  • Upon receipt of the proceeds, we will inform you that the transaction was completed.
  • A charitable deduction is not to be claimed for this donation because the reduction in income fully accounts for the gift.
  • The proceeds from your gift will be used to enhance our ministries and services.
  • Your own financial tax advisor should be consulted to determine how this gift applies to your particular circumstances.

How can donating a commodity gift change the lives of people with disabilities? Through your donation, you participate in our ministries, offering dignity and hope to people with disabilities locally and around the world as they strive to reach their God-given potential.

As always, we advise that you consult with your financial advisor to determine how this program can best benefit you and your operation. For further questions, please contact Scott Koedam at 712.476.2820 or skoedam@hopehaven.org so that he may discuss the giving options that will work best for you. We thank you for your support and consideration for our Commodity Gift Program.

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