Charitable Donation of GGC Units Policy

At their June meeting, the GGC Board of Directors approved a policy to allow charitable donation of GGC Units.

To allow the charitable donation and to avoid likely administrative issues, GGC will accommodate the donation to a charitable institution if the donation coincides with the listing of the donated units for sale with FNC Ag Stock at the time of donation. In other words, GGC units may not be transferred to a charitable organization without a simultaneous listing with FNC Ag Stock.

Donations of units to a charitable requires the following:
1) The GGC Member donating must obtain the appropriate form from GGC or FNC Ag Stock;
2) The member must obtain the contact information and Tax ID for the charitable institution and enter it on the form.
3) Submit the form to FNC Ag Stock to list units to be donated for sale;
4) At the conclusion of the sale, the member must hold either NO units or a minimum of 4,000 units and the charitable organization will hold NO units.

The charitable organization will be responsible for issuing a statement to the member related to the donation.