September 1997, Volume 3, No. 9 Too Much Inventory? Why Not Just Give It Away?

While it may seem all too easy for a manufacturer to accumulate excess inventory, it's usually a lot harder to get rid of it. One option, according to the National Association for the Exchange of Industrial Resources (Galesburg, Ill.; http://www.misslink.net/naeir), a not-for-profit organization, is to give it away. By donating those goods to a qualified charity, a corporation can earn a federal income tax deduction, under Section 170 (e) (3) of the U.S. Internal Revenue Code. Regular (C) corporations may deduct the cost of the inventory donated, plus half the difference between cost and fair market value. Deductions may be up to twice cost. Corporations, partnerships and sole proprietorships earn a straight cost deduction. For more information, contact NAEIR at (800) 562-0955.

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