How to Donate Excess Inventory: A Step by Step Guide for Companies
Donating excess inventory sounds simple until you try to do it yourself. Here is the process we run for companies, step by step, so you know what to expect.1. Build…
What Happens to Donated Inventory After Pickup
Companies often ask where their donation actually ends up. Here is the path a typical pallet takes.MatchingBefore pickup, we confirm a specific 501(c)(3) recipient for the specific product. We verify…
Year End Inventory Donation: Why December Is the Deadline That Matters
A charitable deduction counts in the year the donation is completed. For inventory, that means the goods have to be delivered to the nonprofit by December 31, not just promised.…
Inventory Donation Tax Deduction: A Worked Example for C Corporations
Most companies know they can deduct donated inventory. Fewer know that C corporations may deduct more than cost basis when the goods go to a qualified charity for the ill,…
What Nonprofits Need Most From Corporate Donations
Nonprofits accept many things, but some items are always short. If your company has any of these, they will be placed fast.Hygiene and personal careSoap, toothpaste, deodorant, feminine care and…
Can Expired Products Be Donated? A Category by Category Guide
A date on a package does not always mean the product cannot be donated. It depends on what the product is and what the date means.Shelf stable foodBest by and…
Donate or Destroy? How to Decide What to Do With Excess Inventory
Every company that makes or sells physical product ends up with inventory it cannot sell. The usual options are liquidation, destruction or donation. Each one has a real cost, and…