Companies can earn an up to twice-code federal income tax deduction on their nonmoving, overstock inventory, by donating it to charity. Excess inventory may also include returns, buy-backs and discontinued products.
Excess, non moving inventory is a common business problem that, fortunately, also contains its own solution.
Gary C. Smith, NAEIR’s President & CEO was recently featured on Kevin Price’s nationally syndicated radio talk show, THE PRICE OF BUSINESS…You can listen to it now…
“…, huge amounts of materials are reused and prevented from heading directly to our nation’s landfills…” “…’I use the merchandise for gifts, awards, prizes, tools. Over the years, we have received pens, papers, office supplies, scrapbook supplies, hats, push brooms, flashlights, lunchboxes, tools and clothes. As a teacher, ‘free’ is a very important word!” said…
THERE WAS A PRICING ERROR IN THE ARTICLE. PLEASE NOTE THAT SCHOOLS CAN JOIN THE BASIC PROGRAM FOR $59. TEACHERS CAN JOIN THE TEACHER’S PROGRAM FOR $9. You can read the entire article here – http://www.districtadministration.com/news/smart-way-stretch-your-budget
THERE WAS A PRICING ERROR IN THE ARTICLE.PLEASE NOTE THAT SCHOOLS CAN JOIN THE BASIC PROGRAM FOR $59. TEACHERS CAN JOIN THE TEACHER’S PROGRAM FOR $9.Reuters — Boston Globe — Houston Business Journal — Miami Herald — Minneapolis/St. Paul Business Journal — San Francisco Chronicle … and many more media outlets –“Membership in gifts-in-kind organizations,…
Consumers Digest Ranks NAEIR Among Nation’s Top Most Efficient Charities!!
“Post No. 71. Extra Inventory? Donate It! Donations from corporations make it possible for non profits to receive free merchandise. All they have to do is send off their donations to gift-in-kind organizations like NAEIR, which redistribute donations of new, overstock and discontinued products to member schools, churches and other nonprofit organizations in need of…
—– Cheri Bustos, in 7th Week as 17th District IL Congresswoman visits NAEIR before delivering Galesburg Chamber Keynote —–Galesburg, Illinois – Thursday, February 21, 2013 – U.S. Congresswoman Cheri Bustos traveled to Galesburg, IL to visit NAEIR www.naeir.org .The Congresswoman toured NAEIR’s facility accompanied by the organization’s president and CEO Gary C. Smith. Ms. Bustos greeted…
Breaking News!Manufacturing .net, the “leading source for manufacturing news and insight” just featured an article about NAEIR, written by Gary C. Smith, NAEIR’s President and CEO –Extra Inventory? Donate It…In a nutshell, it’s about corporations that support charities, clear space and get tax breaks by donating excess inventory…“Companies like Microsoft, Stanley Tools, 3M, Newell Rubbermaid,…
