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Livestock

Steps to Make a Charitable Gift of Livestock:

Following these specific steps will help ensure that you receive the intended tax benefits from a gift of livestock. Failure to follow these steps may result in the IRS treating the transaction as a sale by the farmer/rancher resulting in a contribution of cash, rather than as a contribution of livestock. As a donor, you should follow these steps to insure that ownership of the gifted livestock is transferred prior to sale and you receive recognition for your gift:

1. Inform Nebraska Community Foundation to advise us that a gift is about to be made.
   Contact Les Long, Controller, 402-323-7346 or [email protected]
2. Complete the Letter from the Producer Regarding Gift of Livestock (pdf) form notifying us that you are making a gift of livestock. Indicate the quantity and type of livestock being contributed and the affiliated fund (and related purpose) to which your contribution is directed. Send the letter to Nebraska Community Foundation, PO Box 83107, Lincoln, NE 68501-3107. You may also email the letter to [email protected] or fax it to 402-323-7346.
3. Send a copy of the letter to the treasurer of the affiliated fund to which your gift is directed. NCF can provide the treasurer's contact information.
4. NCF will request that you deliver the livestock to market on our behalf and NCF will provide the sale barn with a completed Instructions to Sale Barn for Gifts of Livestock form (pdf).
5. Remind the sale barn to issue the check for the sale of the livestock to Nebraska Community Foundation and send it to the address in Step 2.