Tax-Advantaged Gifts of Commodities




Tax Advantages of Gifting Commodities
By gifting commodities, you may be able to write off the cost of inputs, while side-stepping the income. That can result in a savings of Federal, State, and Self-Employment taxes.

How can you donate?
Before making a gift to Bushels for Build 2024, it is important that you understand the details of how to make the gift. Contact your tax advisor to learn a simple process that can save you money at tax time.

When you are ready to donate to Bushels for Build 2024 please use this Commodity Gifting Transfer of Commodity Agreement form. Once completed the form should be brought to your grain storage elevator with instruction to send the commodity sale payment to the GSHS Foundation Office. Build 2024 should be noted on the payment, preferably the memo line. 

GSHS Foundation Office
Tony Coffman, Director
800 South Main Ave
Rugby, ND 58368

GSHS Foundation is a 501(C)3 corporation.