grain and marketable commodities

If you are a producer of a marketable commodity, you can make a gift with your unsold inventory. Whether the commodity gift is corn, wheat, almonds, avocados, or cattle, Faith Lutheran Church is prepared to partner with you, the producer, to make the gift happen.

Upon receiving the intent of this gift, Faith Lutheran Church will establish an account at the appropriate elevator or processor and work to receive and sell the inventory. We'll distribute the gift according to your wishes, benefiting the ministries of your choice. A gift of a commodity can be used as an outright gift, to establish or grow a donor-advised fund, or to establish or grow a named endowment fund with the Faith Lutheran Endowment Fund.

Any fees associated with the sale of the commodity will be deducted from the proceeds.

With a gift of a marketable commodity, you can:

• Use stored commodities or unsold inventory to make a current gift, maximizing the benefit to the ministry while reducing taxable income

• Deduct overall production expenses, even if the commodity is used to make a gift

• Make an outright gift, or add to (or establish) a donor-advised fund or named endowment fund

Ready to take the next step? Contact Pastor Eric Carlson at eric@faithlc.org or call 515-225-8334.