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Tax Tip for Business
The National Association for the Exchange of Industrial Resources
560 McClure Street Galesburg, IL 61401
Ph: 309-343-0704 Fax: 309-343-3165



FOR IMMEDIATE RELEASE                                 CONTACT: EMILY COLLINS
                                                                                                  COMMUNICATIONS ASSOCIATE
                                                                                                  309-343-0704 ext. 205
                                                                                                  309-343-3165 (Fax)
                                                                                                  ecc@naeir.org



How Can Wholesalers, Retailers, and Manufacturers Solve Inventory
Problems?
Read On To Find Out. . .

It’s simple really. All a company has to do is identify products that could potentially take up much needed warehouse space and donate them to The National Association for the Exchange of Industrial Resources in Galesburg, Illinois.

NAEIR is a nonprofit organization that has accepted donated materials since 1977 and distributed them to deserving schools and nonprofits nationwide.

Under Internal Revenue Tax Code Section 170 (e)(3), companies making contributions could receive an above cost income tax deduction that could be up to twice the cost of the goods.

Products eligible for donation include discontinued models, styles or colors, returns, buybacks, cancelled orders, and slow sellers. NAEIR accepts new items in any of those categories from cosmetics to construction materials.

To find out how easy this process is, just call Corporate Relations at 1-800-562-0955 or e-mail donor@naeir.org.



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