To learn more about these and other giving options, contact Pete Volk, director of gift planning, (208) 885-5760 or firstname.lastname@example.org
Student Union Building
PO Box 444264
Moscow, ID 83844-4264
1031 N. Academic Way,
Coeur d'Alene, ID 83814
Emma and Clen Atchley
Clen ’66 and Emma ’68 Atchley of Ashton, Idaho, recently made an innovative donation of 25,000 bushels of wheat to the College of Agricultural and Life Sciences.
The grain will be marketed with the help of agricultural economics students. The sale proceeds from the wheat will create the Clen and Emma Atchley Faculty Excellence Endowed Fund in the college to support potato research.
“The role of higher education in producing future leaders for our state and nation is critical, and we hope to give back to the community at large by donating to faculty support to keep important programs viable,” said Clen Atchley, owner of Ashton Hi-Tech Seed Co., which produces seed potatoes, grain and cattle. The Atchleys also own CEA Corp., a seed potato operation, and Flying A Ranch, a landholding company.
Pete Volk, director of gift planning for the University, said the Atchleys’ gift is an excellent example of the many unique – and often overlooked – ways donors can provide private support to the University.
“It’s important for potential donors to consider all their giving options, including the less obvious ones,” Volk said. “Oftentimes, these unconventional options offer the donor tremendous tax advantages over a more traditional cash gift.”
Timber. A landowner gifts the University standing timber (not the underlying land) via a timber deed. The timber is harvested and the proceeds fund a charitable trust, which pays the donor an agreed rate of return for life. Donors can generate needed income while reducing capital gains and estate and income taxes, and leave a flexible charitable legacy for future generations.
Livestock or commodities (grain, potatoes, soy beans, milk, etc.). Instead of selling livestock or a crop and donating the cash proceeds, a donor gifts the livestock or crop directly to the University. Giving farm commodities presents special opportunities for tax savings, potentially increasing the amount you can give to Idaho.
Minerals. A landowner gifts the University the rights to the valuable natural minerals (i.e. petroleum, coal, gold, oil) underlying the donor’s parcel of land (the land is not part of the gift).
Partial ownership in a family business. Prior to a sale of the family business, a donor may consider gifting partial ownership in the family business to the University; reducing the tax impact on the sale and providing sales proceeds to support the University.