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, Rand McNally, Reebok, Gillette, Xerox, Hallmark and thousands of others make such contributions, supporting charitable causes while at the same time taking advantage of tax deductions, reducing storage costs, clearing warehouse space and avoiding hassles with liquidators. And as an added bonus, huge amounts of materials are reused and prevented from heading directly to our nation’s landfills.”

To read the entire article, go to – http://www.manufacturing.net/blogs/2013/01/extra-inventory-donate-it