EasternIowaFarmer_Fall2023

GIFTS OF GRAIN
Gifts of grain or livestock
Donating grain or livestock — like the
Garnavillo hog farmer — is a simple yet
unique way of giving back that many
don’t consider. The value of the asset
can be donated to hundreds of funds
hosted by the Foundation and its affiliates,
or used to start a new endowment.
The Foundation will steward and grow
the gift, and the interest earned can be
granted out to improve quality of life in
the community, forever.
By giving grain or livestock to the
Foundation, farmers can avoid including
the sale of the asset in their farm income.
Input costs are deducted, which typically
results in tax savings that work for you.
The simplest way to give a gift of
grain is to let the Foundation know of
your intended gift, and tell us what fund
you would like it directed to. The asset
is then taken to a grain buyer, and the
farmer tells the buyer how much to put
into an account set up by the Foundation.
The buyer then notifies the Foundation,
which sells the asset and receives the
proceeds.
Gifts of grain or livestock to endowments
at the Foundation may be eligible
for Endow Iowa, a 25% state tax
credit on the total value of the gift. Visit
dbqfoundation.org/endowiowa to learn
more.
Gifts of farmland
When two brothers inherited their
Northeast Iowa family farm, they
wanted to honor their grandparents and
the lessons they’d passed on about the
importance of giving back. They decided
to sell the farm and start a fund with the
Community Foundation that supports
vision screenings and glasses for youth
across the region.
The Foundation worked with these
brothers to turn their property gains into
community good and will do the same for
you, helping you use your land to fulfill
your charitable interests and receive
financial and tax benefits, such as avoiding
or reducing capital gains, receiving
deductions on the fair market value of the
land, and eligibility for the 25% Endow
Iowa State Tax Credit, and more. The
Foundation can also steward the farm as a
rental property or turn the sale of the land
into a charitable gift.
Here for you
We have the ability to process many
types of gifts, no matter how simple or
complex. With our deep understanding of
community needs, knowledge of charitable
giving, and prudent fiscal policies, we
give people the peace of mind that their
generosity is doing the most good for the
community. However you choose to give
back, we’re here to support you along the
way and make it easy for you.
Your farm is your livelihood. You prepare,
plant, nurture and support growth.
That’s what we do with the charitable
gifts entrusted to the Foundation – and we
invite you to join us.
Contact Sheila Kramer Tjaden at
sheila@dbqfoundation.org or 563-588-
2700 to learn more. n
AUTO | HOME | FARM | CROP | BUSINESS | LIFE | HEALTH
Our team has
you covered!
At Ohnward Insurance Group,
we understand the long
hours our farmers put in, the
increase in costs you face and
even weather challenges.
To meet your needs and help
you succeed, we offer a wide
range of insurance options.
107 E. Quarry St.
Maquoketa, IA 52060
563-652-6937
1017 6th Ave.
DeWitt, IA 52742
563-659-2699
www.ohnwardinsurancegroup.com
Pictured left to right: Brian Franzen, Kate Schaver, Trae Johnson, Cathy Ryder,
Matt Franzen, Leora Claeys, Jody Andresen, Susanne Owen, and Landon Goettsch.
eifarmer.com FALL 2023 | EASTERN IOWA FARMER 95