Supporting Extension offers two income tax deduction options

Monday, November 20, 2017

End-of-year is a time when many begin to finalize tax considerations and reflect on the past calendar year. You may receive a direct deduction of 50 percent off your tax bill when donating up to $200 per individual and $400 for couples filing jointly if given to an Indiana-funded university.

Because Purdue Extension is part of a state-funded university, one can make a donation to the local Extension Office that would qualify. Therefore a $100 contribution to the Purdue Extension-Putnam County program would cost one only $50. You can also specify how you would like the money to be used (i.e. 4-H, youth development, agriculture, natural resource, or health and human science educational programming or equipment).

One could even specify the gift be used for a specific educational program or topic (i.e. 4-H robotics, advanced Master Gardener workshop, resume/job application preparation workshop, etc.)

Some limitations do exist. For example, funds donated for awards or scholarships would not be eligible for the additional direct state tax deduction. Give the office a call and ask about this excellent way you can support community programs for minimal cost to your pocket due to the additional state tax break.

One can also make a donation to the Putnam County Community Foundation and name the “Putnam County Fairgrounds Endowment” as the recipient. While this option is not eligible for the 50 percent state tax credit that a state-funded university or college provides, it is a great option in that the Putnam County Community Foundation is a 501(c)3 entity which provides opportunity for the general state and federal income tax deduction via a reduction in taxable income. And a donation to Fairgrounds endowment certainly helps Extension programs who often benefit because they use the Putnam Fairgrounds facilities.

If you desire to see the fairgrounds maintained for your children and grandchildren, this option will certainly benefit the facility. The goal for the Putnam County Fairgrounds Endowment is $1 million and this a very important philanthropic effort to assure a quality facility for future Putnam County Fairs.

Additionally it could be grain or livestock that is given to fund one of the Putnam County Community Foundation fund options.

Visit or you can contact the local Purdue Extension Office at 653-8411 for more information regarding this week’s column topic or to RSVP for upcoming events. It is always best to call first to assure items are ready when you arrive and to RSVP for programs.

Upcoming events

Nov. 28 – Jr. Leader Christmas Caroling, Ivy Trace, 6:30 p.m.

Nov. 29 – Farmland Rental in Indiana program, Fairgrounds, 6 p.m.

Nov. 30 – When Death Happens – Helping Farm Families Get their Affairs in Order webinar, noon. Register at

Dec. 6 – 4-H volunteer meeting, Fairgrounds, 6:30 p.m.

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