Make a Gift of Oil

Support Your Community with a Gift of Oil

At the Heartland Community Foundation, we believe in the power of community and the generosity of our local industries. By making a gift of oil, you can make a significant impact on the causes and organizations that matter most to you, all while enjoying unique financial benefits.

Why Donate Oil?

Donating oil, gas, or mineral interests to the Heartland Community Foundation is a simple and effective way to support local charities, schools, churches, and community projects. This method not only helps your community thrive but also offers substantial tax advantages for you as a producer.

Benefits of Donating Oil

• Tax Savings: By donating royalty or overriding interests, you can exclude the proceeds from your taxable income. This can lower your overall income tax liability, reduce self-employment tax, and may provide savings on both state and federal income taxes.
• Business Expense Deductions: The costs associated with drilling or production can still be deducted as business expenses, allowing you to maintain valuable tax deductions while supporting your community.
• Simplified Donation Process: We make the donation process easy and straightforward, providing assistance every step of the way.
• Direct Community Impact: Your donation directly supports the causes you care about, from education and healthcare to community development and beyond.

How to Donate Oil

1. Notify Your Operator or Purchaser: Inform your oil operator or purchaser of your intention to donate royalty or overriding interests to the Heartland Community Foundation. Provide them with our contact information:📞 785-621-4090
   📧 heartland@gscf.org
2. Transfer Ownership: Arrange for the transfer of ownership to the Heartland Community Foundation before the proceeds are paid out. This ensures the donation qualifies for tax benefits.
3. Complete the Donation: The operator or purchaser will issue a division order to the community foundation, and we will manage the proceeds. The funds will be directed to the charity, fund, or cause of your choice. We’ll be in touch throughout the process.
4. Receive a Receipt: After the proceeds are received, we will provide you with a receipt for your donation, which you can use for tax purposes.

Your Impact

When you donate oil, gas, or mineral interests, you are directly investing in the future of our community. Your contribution can support a wide range of needs, including:

• Local schools and educational programs
• Healthcare initiatives
• Community development projects
• Support for local charities and churches

Get Started Today

Ready to make a difference? Contact us today to learn more about how you can donate oil to the Heartland Community Foundation. Our team is here to assist you with any questions and guide you through the process.

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 Contact Us:📞 Phone: 785-621-4090📧 Email: heartland@gscf.org🏢 Visit Our Office: 1200 Main St, #102, Hays