Greg Lamp

February 1, 2010

1 Min Read

Many generous farmers have learned that donating grain rather than cash can produce tax savings of over 50%. A free service, Gifts of Grain, makes it easy for charitable farmers to get those tax benefits.

Grain is donated to a Donor Advised Fund, the grain is sold and the cash dispersed at the direction of the donor. One grain donation can be distributed to multiple organizations. Money stays in the account until distribution;so this fund is also a good way to “prepay” giving.

Donor Advised Funds are provided and managed by the National Christian Foundation (www.nationalchristian.com), one of the country's largest and respected charitable organizations. More information about Gifts of Grain is available at www.giftsofgrain.org.

About the Author(s)

Greg Lamp

Greg grew up on a diversified crop and cattle operation in South Dakota, and has 22 years of experience covering the farming and livestock business. A graduate of South Dakota State University, he served as managing editor of BEEF magazine for five years, previously working for Farm Journal, Successful Farming and Feedlot Management magazines, as well as having served as an account executive with the Colle&McVoy advertising agency. Greg is the recipient of numerous writing and photography honors.

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