OUR HISTORY
NAEIR was
founded in January, 1977 by Norbert C. Smith, a former aircraft parts
manufacturing executive. While working as a
charitable gifts consultant to major corporations, he discovered that
many companies have millions of dollars worth of new, excess inventory
in their warehouses.
A new tax regulation, adopted a year earlier, would provide
corporations with a federal income tax deduction for donating those
goods to qualified schools and nonprofit organizations. Mr. Smith
founded NAEIR to secure those products and channel them to organizations
that need them.
Since NAEIR's founding, it has collected and redistributed over $2
billion worth of new, donated supplies and equipment. Under Internal Revenue Code Section 170(e)(3), materials received
through NAEIR are to be used for the care of the ill, needy or minors,
and may not be bartered, traded or sold. The products may be used to
further the recipient organization's mission, and in its everyday
operations.
Donor companies have included such well-known firms as Microsoft,
Gillette, Russ Berrie, Fuller Industries, Sauder Furniture, Esselte
Pendaflex, General Electric and thousands of other manufacturers,
wholesalers and distributors.
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