DONOR BENEFITS
Companies donating merchandise to NAEIR often receive tax deductions, clear out warehouse space and receive the philanthropic benefit of knowing that their products are going to be used at deserving schools and nonprofit organizations. Listed below are just a few of the benefits:
Earn
a federal income tax deduction.
Under Section 170(e)(3) of the U.S. Internal Revenue Code, regular (C) corporations may deduct the cost of the inventory donated, PLUS half the difference between cost and fair market value. Deductions may be up to twice cost. S corporations, partnerships, and sole proprietorships earn a straight cost deduction.
Be
assured of fair, uniform distribution.
NAEIR's computerized allocation
system will place your products with 9,500 qualified schools and nonprofits
across the United States. NAEIR's Catalog Tracking System -- the only one
of its type in the gifts-in-kind field -- can supply your company, upon
request, with documentation showing which organizations received your
inventory and how much they received.
Clear
out excess inventory immediately.
NAEIR's 600,000 square feet of warehouse
space means you can ship your donation quickly. And, within 14 days of
receiving your product, NAEIR will send you the documentation you need to
claim this deduction.
Avoid liquidation nightmares.
Liquidated
products will end up in discount houses -- maybe competing against you, and
maybe damaging your regular suggested retail price.
No Charge to your company for NAEIR's
income tax-saving service.
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