Individuals giving to 501(c)(3) organizations may generally deduct contributions representing up to 30% of their adjusted gross income. Corporations may deduct all contributions to 501(c)(3) organizations (regardless of foundation status) up to an amount normally equal to 10% of their taxable income. BEFORE MAKING A CONTRIBUTION TO THE AGRIBUSINESS ASSOCIATION OF IOWA FOUNDATION, PROSPECTIVE CONTRIBUTORS SHOULD FIRST CONSULT WITH THEIR TAX ADVISOR.