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Sunday, November 12, 2023
Gifts of Grain
WILLMAR, MN 56201
Are you a cash-basis farmer? If so, a gift of grain to the Cardinal Pride Growth Fund can help eliminate or reduce activity fees for WIllmar Public School students and may result in tax savings!
Tax Savings • Many farmers do not itemize deductions because the standard deduction has greatly increased over the years. Therefore, typical cash gifts to nonprofits do not save additional taxes. • However, by contributing grain directly to anonprofit, the cash-basis farmer: • Avoids tax on grain donated to the nonprofit. • Still includes the cost of growing the grain in expenses which saves on self-employment tax, federal income tax and state income tax.
Who is Cardinal Pride? We are a local nonprofit, made up of parents and alumni, committed to encouraging and supporting Willmar Public School Students who wish to participate in MSHSL activities. Our mission is to enhance school spirit, promote sportsmanship, cultivate arobust alumni network and be asymbol of community pride. Currently, students are required to pay a “participation fee” which ranges from $40 to $300 per activity,a financial hardship for many families. With the help of your gift of grain, we hope to eliminate this barrier to participation, increasing opportunities for ALL students. Small acts, when multiplied can transform the world.
When donating, please identify the Cardinal Pride fund c/o The Willmar Area Community Foundation 1601 East Hwy 1, Suite 9Willmar, MN 56201 or contact Kevin at 320-235-4380 with any questions. Thank you. www.cardinalpride.org