Preserve the land you love and your legacy while creating a source of charitable good for your community and the causes you care about.
Farmland for Good is the Community Foundation of Northeast Iowa’s commitment to retaining farmland in our region. The farmland continues to produce, its local economic impact remains, and the charities of your choice benefit from income the land produces through an endowment fund established with CFNEIA. Sharing your greatest asset shows a deep-seeded love for the land and your community, and provides unmatched generosity that will live on forever.
How it Works
The Community Foundation of Northeast Iowa Farmland for Good program provides a way to:
- Keep land locally owned.
- Keep land functional as farmland.
- Provide a lasting charitable legacy to the community.
Gifts of land provide significant benefits for you while providing vital support in your community. Depending on the type of gift, you may enjoy tax savings and lifetime payments. Your gift is unique and the Foundation is here to assist you in accomplishing your charitable goals.
3 simple steps to take now if you are considering a gift of farmland.
- Contact the expert staff at the Community Foundation of Northeast Iowa at 319-287-9106 to discuss your charitable goals.
- Involve your professional advisor. CFNEIA works side-by-side your advisor to structure and facilitate the gift.
- Click here to complete our inquiry form. It is important for you, your advisor, and CFNEIA to have all the information to evaluate and decide on the best vehicle for making a gift of farmland.
Donating your land through Farmland for Good benefits everyone.
Receive a tax deduction for the charitable portion of the gift, bypass all capital gains taxes, create a stable revenue source for the remainder of their lifetime, and benefit their favorite charities.
Current tenants may continue renting the land to pursue their livelihood. This also keeps the wealth generated by the land working in local communities.
The Community Foundation of Northeast Iowa continues paying property taxes on the land, maintaining an important tax base for the county.
Retains ownership of the land, earns revenue from the rent for the charitable benefit of communities, and serves donors in a meaningful way.