The decision to sell my farm in Rose Dell Township and the actual sale all happened in less than six months. There were a lot of important decisions to be made in a short time. I stopped in the LACF office to discuss with Emily some ways to reduce the tax liability from the land sale. The Century Farm was my home for over 45 years, my husband had lived there his entire life and his parents and grandparents had lived in Rock County their entire lives. I felt the money saved from the tax liability could be put to better use by investing it in the community through a Donor Advised Fund at the Luverne Area Community Foundation.
In addition to the tax deduction savings, my Donor Advised Fund or DAF allows for flexibility in contributions to the charities I support. I can support the community through the grants LACF offers and other charities of my choosing. The fund also provides a means to leave a legacy of giving even after death, as my favored charities will continue to benefit from this fund through the LACF.
GIVE WHERE YOU LIVE is on the LACF office window. Although I have walked by that window many, many times, I never really understood the opportunities of charitable giving and contributions to the community available through LACF. A visit with Executive Director, Emily Crabtree, described for me and answered my questions about the opportunities and options available to me for charitable giving through a Donor Advised Fund. The process is simple and easy and the assistance and service provided is excellent. I am confident that my investment in my community through LACF will provide dividends far beyond my expectations.