If you are a cash-basis farmer, you may have the opportunity for tax benefits by gifting the grain directly to Answers in Genesis. While donations of grain are not tax deductible, the benefits to you are that you may be able to deduct the cost of production and avoid income taxation on the gift portion of the grain, which would reduce both income tax and self-employment tax. We strongly suggest that you consult with your trusted tax advisor prior to making your gift for current tax laws and to determine whether this method of giving is advantageous to your circumstances.
To Donate Grain to Answers in Genesis:
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Contact your grain elevator and have them set up an account in the name of Answers in Genesis (as Seller) using the following address:
Answers in Genesis
Attn: Finance Dept.
PO Box 510
Hebron, KY 41048
- Deliver the grain to our account.
- Send us an email or call at 800-350-3232 x 411 with the contact name and phone number of the elevator.
- Answers in Genesis will promptly call the elevator and order the sale of the grain.
- We will send you a letter acknowledging receipt of your gift.
All gifts to Answers in Genesis, a 501(c)(3) non-profit organization, are tax deductible to the fullest extent allowed by law. Gifts given to a specific program will be used for that program unless we receive more contributions than can wisely be used for that program.
Answers in Genesis recognizes that financial integrity is foremost in a
ministry as it uses supporters’ donations wisely. For this reason, AiG has
sought to maintain the highest standard when it comes to our financial
affairs, stewardship, and accountability. Below are a few of the actions
that AiG has taken to achieve this goal:
Answers in Genesis is a member of the Evangelical Council for Financial Accountability® (ECFA), an independent organization that reviews the financial integrity of non-profit evangelical ministries. The annual membership review process includes the submission of audited financial statements and a 990 tax return.
Ken Ham, president and cofounder of Answers in Genesis, was presented with the National Association of Christian Financial Consultants® (NACFC) 2008 Integrity Award as part of their annual convention in July 2008. This award is presented each year to one recipient by NACFC, a group of investment professionals committed to investment and financial planning disciplines centered upon biblical principles. Read more
Answers in Genesis is registered with Guidestar® an organization committed to advancing the transparency of non-profits. Various financial information and 990 tax returns are available to the public through Guidestar.org.