Bringing in the Sheaves Gifts of Crops
News

For many cash basis farmers, significant tax savings can be achieved by donating crops grown in a previous tax year directly to the church. Typically, the gift actually occurs at the local grain elevator when it is delivered. The church sets up an account at the elevator, and the farmer has the grain put in the name of the church. The church gives the order to sell and the proceeds check is issued and mailed directly to the church. The key is that ownership is transferred and clearly documented in the name of the church before the sale occurs.

Here at the Foundation, donors have used this type of gift to make an outright gift, to create an endowment, and even to fund a charitable gift annuity. If you would like to learn more about these gifts visit the Foundation website (www.mumf.org) or call 800- 332-8238.
The old refrain is still true today, “We shall come rejoicing, bringing in the sheaves.” And the ushers can leave their shovels at home!