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ke a difference in so many ways<br />
Don Hughes<br />
Pauline Antons<br />
Contribution:<br />
Gift of Land<br />
Don Hughes spent a lifetime working on the farm,<br />
first his father’s and then his own operation<br />
near Goose Lake. He and his wife Linda, both<br />
deceased, opted to gift their portion of a family<br />
farm inheritance to provide for their church,<br />
the Salvation Army, and Maquoketa and northeast schools<br />
through a gift of land.<br />
the foundation’s Your Land/Your Legacy program allows<br />
landowners to create a charitable legacy to benefit the causes<br />
they love most in the community while retaining income from<br />
the land.<br />
Landowners retain control over the land knowing it will<br />
support their favorite causes forever. the landowner’s tenant<br />
farmer of choice keeps the land in production. in addition<br />
to landowners receiving a tax deduction for the charitable<br />
portion of the gift, capital gains taxes can be avoided<br />
or reduced. the asset of farmland is removed from the<br />
possibility of estate taxes.<br />
Community Foundation of<br />
Jackson County<br />
An Affiliate of the<br />
Community Foundation of Greater Dubuque<br />
Contribution:<br />
irA rollover<br />
Pauline Antons’ love for the land runs deep, as does<br />
her desire to preserve it for the next generation.<br />
Having served on the Jones Soil and Water<br />
Conservation District (SWCD) board of<br />
Commissioners since 1990, Antons has worked to<br />
help landowners implement conservation practices.<br />
She decided to make a generous donation with an<br />
individual retirement account (irA) rollover to help establish<br />
the SWCD endowment, which is invested and will grow over<br />
time. it provides an annual payout so that SWCD can provide<br />
scholarships to promote conservation for the next generation,<br />
ensuring the preservation of the land Antons holds so dear.<br />
People age 70½ and older can transfer up to $100,000 per<br />
year from individual retirement accounts (irAs) to charity<br />
— without incurring federal income taxes today or estate and<br />
income taxes in the future. Gifts to endowments may also be<br />
eligible for the Endow iowa 25 percent State tax Credit.<br />
Jones County<br />
Community Foundation<br />
An Affiliate of the<br />
Community Foundation of Greater Dubuque<br />
Dubuque strengthens communities<br />
partners in surrounding counties.<br />
dbqfoundation.org
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