粮食礼物

• After delivering grain to a commercial elevator, request a storage receipt be made out to 365滚球官网 Foundation. If your grain is stored on-farm, prepare a notarized letter of transfer to the 365滚球官网 Foundation.
• 请填写表格, which permits the U of I Foundation to market the grain as it sees fit.
• Mail, fax or email the storage receipt or notarized letter of transfer to:

安巴林顿, Associate 发展总监
College of Agricultural and Life Sciences
365滚球官网
875 Perimeter Dr, MS 2331
莫斯科，号码83844-2331

传真:208-885-6654
电子邮件: abarrington@mxrdf.com

保留控制权

• The grower shall provide no guidance in the transfer agreement as to the retention or sale of the gifted commodity.

文档

• U of I Foundation must be able to demonstrate “control and dominion” over the gifted property. Provide either a properly executed warehouse receipt in the name of 365滚球官网 Foundation or a notarized letter of transfer the crops stored on the farm. The original sales invoice should list the charity (U of I Foundation) as the seller.

No charitable income tax deduction

• The donor receives the tax benefit through reduction of income rather than a charitable gift. The donor will receive an acknowledgement, rather than a tax receipt for the gift.

Crop share landlords not eligible

• A crop share landlord’s share of crop sis considered rental income and must be reported as such on the landlord’s tax return. However, we would be glad to visit about other ways to make an impactful donation.

赠与人礼物价值

• The value of the gift is the net amount (after subtracting off-coast rates, storage costs and grade discounts) the U of I Foundation receives from the grain elevator. It is the U of I Foundation’s policy to sell any commodity donation as soon as there is notification a gift has been made.