The NoCo Foundation is proud to offer you a way to preserve the land you love, and your legacy, while creating a source of charitable good for your community. Acres for Impact is Northern Colorado’s agricultural giving program.
Acres for Impact
As Coloradoans, we are proud of our agricultural roots. For generations, our commitment to the land and livestock has not only fed the world, but it has also built strong communities. Acres for Impact provides an opportunity to consider how your agricultural assets can continue this legacy of community support today and for generations to come.
Establishing a Legacy of Giving
The generosity of Coloradoans is demonstrated every day in the ways we come together around needs and opportunities. While we typically think of charitable giving in terms of what we can give from our checkbook, the agricultural assets you may currently hold could present a more advantageous way to offer support.
Fields of Opportunity
Acres for Impact provides the unique opportunity to make a gift of farm/ranch land and enjoy the flexibility of giving in the way that best fits your needs:
- Acres for Impact offers the flexibility to make a gift of farm/ranch land as either an outright gift or a retained life interest.
- You have the option of suggesting a tenant farmer who will continue farming the land.
- Any charities or communities of your choice can be named to benefit from the farm revenue, thus receiving a legacy of sustainable funding.
- Your county will continue to maintain its tax base as the land stays on the property tax rolls.
- You retain the ability to live on the farm and/or retain the income for your lifetime.
Benefits of Giving a Gift of Farm/Ranch Land
- Your legacy lives on as your wishes are carried out, giving you control over the land you love, knowing it will support your favorite causes forever.
- Landowners receive a tax deduction for the charitable portion of the gift.
- Capital gains taxes can be avoided or reduced.
- The asset of farm/ranch land is removed from the possibility of estate taxes.
Ways to Give
Agriculture isn’t a one size fits all industry. Your charitable giving strategy shouldn’t be either. We offer a variety of tools to meet your goals with assets you already hold.
Farm/Ranch Land
Through the NoCo Foundation, farm/ranch land can be sold or retained to benefit the causes you care about. You may avoid capital gains tax and realize a deduction on the fair market value of the land.
Grain
Making a gift of grain allows you to support the organizations and communities that mean the most to you, while enjoying the tax advantages of not claiming the grain as income.
Farm/Ranch Equipment
Donating depreciated farm equipment provides an opportunity to avoid recapturing the sale proceeds as ordinary income.
Business Ownership
You can meet your business succession and giving goals by gifting privately held stock. We can assist in selling the stock to the next generation of ownership or to a third-party buyer.
Life Estate
Gift your residence or farm/ranch land now, but retain its use and income for your lifetime. You create a future gift to charity, continue to benefit from the asset and receive a partial tax deduction now.
Charitable Remainder Trust
Contributing assets to a charitable remainder trust can create an income in retirement for you and your spouse, while benefiting causes you care about after your lifetime.