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Commodities

Commodities

Tax Strategy for Farmers

Your donation of commodities to the Great Plains Food Bank may reduce your state, federal and self employment taxes along with the added benefit of deducting the production costs.

The Great Plains Food Bank sells the commodity and uses the proceeds to support nearly 200 food pantries, shelters and soup kitchens across North Dakota and Clay County, MN, helping to ensure that your neighbors in need have food on their table.

1 in 6 people received food from the Great Plains Food Bank and our network of charitable feeding partners last year. 1 in 4 were kids. It’s hard to believe that in a state that feeds the world, some of your neighbors don’t know where their next meal is coming from. You can help.

Start your Commodity Gift

Grow

your crop

Give

a portion of your production

Gain

tax benefits

Feed

your neighbors in need

EXAMPLE Tax SAVINGS FOR DONATING COMMODITIES

How to Make a COMMODITY GIFT

  1. Complete the Transfer of Ownership form online, download the printable form, or contact the Great Plains Food Bank at 701-232-6219 or Donate@GreatPlainsFoodBank.org
  2. Deliver the commodity to your local elevator or co-op and tell them that you wish to transfer ownership to the Great Plains Food Bank.
  3. Request an elevator storage receipt showing the Great Plains Food Bank as the owner. The elevator should refrain from selling the commodity or issuing a check without specific instructions from the Great Plains Food Bank
  4. Notify the Great Plains Food Bank when the transfer is made, indicating where the commodity is being stored.

  5. The Great Plains Food Bank will acknowledge your gift following the sale.

Disclaimer: To ensure proper steps are taken, consult with your tax or financial advisor. The Great Plains Food Bank and its employees do not provide tax or legal advice.

ONLINE FORM
DOWNLOAD PRINTABLE FORM

Great Plains Food Bank will turn the revenue into meals for your neighbors across North Dakota and Clay County, Minnesota.

Your generosity benefits your community.

Have questions? Connect with us!

Abby Tow

Major Gifts Officer
atow@GreatPlainsFoodBank.org 
Direct: 701-997-7182 

Commodity Transfer of ownership Form

To ensure the proper steps are taken to correctly make your gift:

  1. Complete and submit the following form.
  2. Notify the elevator that you wish to transfer ownership of commodity (currently stored or to be delivered) to Great Plains Food Bank, requesting a commodity storage receipt showing the Great Plains Food Bank as the owner.
  3. Notify Great Plains Food Bank when the elevator has been informed/commodity delivered. The elevator should not sell the commodity or issue a check to the Great Plains Food Bank without specific instructions from the Great Plains Food Bank. The Great Plains Food Bank will contact the elevator and order the sale. 

Important: The donor shall not sell the commodity or otherwise provide instructions of the sale of the commodity.  If an actual transfer does not occur, the IRS will deem the transaction to be a transfer of the proceeds of the sale, not a contribution of the commodity itself. This will defeat the tax benefit of the transfer. Farmers wishing to donate commodities to charities should consult with their tax advisors to ensure they follow all required steps.

Commodity Transfer of ownership Form

Donors Name(s)(Required)
Address(Required)
Contact at Elevator
MM slash DD slash YYYY
Max. file size: 200 MB.
Please upload the elevator storage receipt showing the Great Plains Food Bank as owner. If you do not have the receipt yet, we'll follow via email to receive this documentation.
It is my/our intent that this gift remains confidential.
Clear Signature
MM slash DD slash YYYY

TAX INFORMATION The Great Plains Food Bank is a nonprofit corporation as described in section 501(c)(3) of the Internal Revenue Code. These materials are intended to provide general information. It is not intended as legal or tax advice and should not be relied upon as such. For advice or assistance with your particular situation, consult an tax preparer or other professional advisor. For more information, please visit www.GreatPlainsFoodBank/Donate. THANK YOU FOR HELPING TO END HUNGER!

IMPORTANT: CONTACT YOUR TAX PROFESSIONAL FOR ADVICE

Disclaimer: The information provided, including example tax scenarios, is for illustrative purposes only and should not be taken as legal, tax, investment, or accounting advice. Please consult with a tax professional, wealth advisor, or attorney before making any final decisions.

  1. Landlords are not eligible

  2. You must file taxes as self-employed

  3. Commodity must be delivered to elevator and control released to the Great Plains Food Bank. The grower must submit to the Great Plains Food Bank a Commodity Transfer of Ownership Form which can be found online or downloaded here.

  4. Contracted yield is not eligible
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PRIVACY POLICY

This privacy notice discloses the privacy practices for Great Plains Food Bank regarding websites located at www.greatplainsfoodbank.org and give.greatplainsfoodbank.org. Great Plains Food Bank reserves the right, at any time and without notice, to change this Privacy Policy simply by posting such changes on our site. Any such change will be effective immediately upon posting. Great Plains Food Bank (“us”, “we”, “our”). Website visitor, guest, and/or donor (“you”, “user”).

Information Collection

  • Personal Information You Choose to Provide In the process of general correspondence, making a gift, or participating in online surveys you may be asked to supply us with personal information, including your email address, postal address, home or work telephone number and other information. If you correspond with us through email, we may retain the content of your email messages, your email address, and our responses. 
  • Website Use Information Similar to most websites, our site may utilize “cookies” and web server logs to collect information about how our website is used. Information gathered may include the date and time of visits, pages viewed, time spent on our website, and the sites visited just before and just after ours. This information is collected on an aggregate basis; none of this information is associated with you as an individual.

How Do We Use Information 

  • That You Provide to Us? We use personal information for purposes of administering our not-for-profit business activities, providing service and support, and making available other information and services to our website visitors, guests, agency partners, advocates, contracted consultants, and approved vendors. We may use the information provided to notify you about important changes to our website, new services, or new information that supports your interest in hunger-relief. 
  • Collected From Cookies? We use cookies and web server logs to gather information about our website users’ browsing activities. This information assists us in designing and continually improving our web pages in the most user-friendly manner. We do not use these technologies to capture any personally identifying information.

Security

  • How Do We Protect Your Information?
    • We utilize encryption/security software to safeguard the confidentiality of personal information we collect from unauthorized access or disclosure and accidental loss, alteration or destruction. 
    • Our operations and business practices are periodically reviewed for compliance with organization policies and procedures governing the security, confidentiality and quality of our information. 
    • Our organization values ethical standards, policies and practices and is committed to the protection of user information. Our not-for-profit business practices limit employee access to confidential information, and limits the use and disclosure of such information to authorized persons, processes and transactions.
  • How Do We Secure Information Transmissions? All information transmitted through our website, giving pages, and forms are sent via secure, encrypted server. Other emails you send to us may not be secure; for that reason, we ask that you do not send confidential information such as Social Security, credit card, or account numbers to us through an unsecured email.
  • Do We Disclose Information to Outside Parties? We do not sell, trade, or rent your personal information. We may provide aggregate information about our website visitors or website traffic patterns to our contracted affiliates or third parties; this information will not include personally identifying data, except as otherwise provided in this privacy policy. Personal information such as email and address may be shared with a contracted third party for the use of email dissemination and direct mail marketing; all third party vendors are required to sign a non-disclosure agreement.
  • Legally Compelled Disclosure of Information? We may disclose information when legally compelled to do so, in other words, when we, in good faith, believe that the law requires it or for the protection of our legal rights.

Permission to Use of Materials 

  • The right to download and store or output the materials on our website is granted for personal use only, and materials may not be reproduced in any edited form. Any other reproduction, transmission, performance, display or editing of these materials by any means mechanical or electronic without our express written permission is strictly prohibited. Users wishing to obtain permission to reprint or reproduce any materials appearing on this site may contact us directly.

Your Access to and Control of Information 

  • You may request access to all of your personally identifiable information that we collect online and maintain in our donor constituent database, DonorPerfect. 
  • You may request removal from any communication including but not limited to emails, direct mail pieces, text and phone calls.
  • Because we do not sell, trade, or rent your personal information; opting out of such practices is optional and not required.

Contact Great Plains Food Bank/Opt-out

If you have any questions about this Privacy Policy, need to opt-out of future communications, or wish to exercise any other privacy right you may have by law, please contact us in any of the ways shown below.

Great Plains Food Bank
attn. Development Associate
1720 3rd Ave N
Fargo, ND 58102

Phone: 701-476-9120

Email: info@greatplainsfoodbank.org

All opt-out requests will be honored, but please be patient with us as it may take up to twelve (12) weeks for opt-out changes to be fully implemented. We may also occasionally initiate contact with opt-out supporters in order to update their contact preferences, and we will promptly accommodate their updated preferences, if any.

Great Plains Food Bank logo

TERMS & CONDITIONS

DONATION REFUND POLICY

We are grateful for your donation and support of our organization. If you have made an error in making your donation or change your mind about contributing to our organization please contact us. Refunds are returned using the original method of payment. If you made your donation by credit card, your refund will be credited to that same credit card.

AUTOMATED RECURRING DONATION CANCELLATION

Ongoing support is important to enabling projects to continue their work, so we encourage donors to continue to contribute to projects over time. But if you must cancel your recurring donation, please notify us.