Types of Companies that Donate
Waste to Charity dedicates our time, energy and resources to helping the under served population by soliciting donations from both corporate America and individuals alike and redistributing them to those in need. We are a non-profit organization whose goal is to make a difference in the world by partnering with both business and individual members.
Acceptable inventory donations range from excess, obsolete and end-of-the-season merchandise.
Having a surplus of assets is an issue that affects just about every company in the after-market. This surplus or excess inventory takes up valuable warehouse space and can create various hidden expenses, such as insurance, maintenance, depreciation and even taxes. Organizations who donate merchandise to Waste to Charity can clear out warehouse and retail space, earn federal income tax deductions and avoid liquidation nightmares.
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When deciding whether or not to liquidate your stock, it is important to keep in mind that if you liquidate, you may be setting yourself up to be undermined with the selling of your own products. Discount houses may buy up your liquidated stock and compete against you, which can greatly affect your regular set prices. Instead, by donating your surplus inventory you can take advantage of federal income tax deductions, which could add up to twice the initial cost of the items. Donating simply makes good sense for corporations; not only does it make economic sense, but your generous contributions give back to the society and community as a whole, offering a helping hand to those less fortunate. Waste to Charity provides organizations with the peace of mind that their donations will be handled by experienced staff who will get them to where they are needed most.
This includes clothing, cars, computers to product overruns and foods nearing expiration dates. For decades corporate America has been an advocate of philanthropy, and Waste to Charity makes it easier for managers, CFO’s and CEO’s to make a difference in the world by simply donating their surplus of stock.
EVERY TYPE of company! We’ve been doing this a long time, and have handled a lot of different product. Regardless of the type of company you run, even the best run organizations have product which they may want to look into donating.
Waste to Charity has accepted Donation from the 10 different Categories as determined by Standard & Poors reporting service.
Classification: There are two choices for this field: Manufacturing or Service. Every company participating in the survey should identify itself as falling into only one of these classifications. Does your company manufacture a product, as does Hasbro, Inc. and Levi Strauss & Co.? Or does it provide a service, as does Aetna Inc. and JPMorgan Chase & Co.? If it seems to you that your company does both, select the category that accounts for the majority of your company’s revenue.
S&P Industry Sector Classification: There are ten S&P Industry Sectors and each company falls into only one of those ten. These designations are created and maintained by the finance sector, which assigns each company to a sector for the purposes of trading stock and conducting market research. CECP will help you to identify your company’s sector, if necessary. The ten sectors, as defined by S&P, are as follows
S&P 10 Business Categories
1. Energy: Comprises companies whose businesses are dominated by any of the following activities: the construction or provision of oil rigs, drilling equipment, and other energy- related service and equipment, including seismic data collection. Companies engaged in the exploration, production, marketing, refining, and/or transportation of oil and gas products.
2. Materials: Encompasses a wide range of commodity-related manufacturing industries. Companies included in this sector manufacture chemicals, construction materials, glass, paper, forest products and related packaging products, and metals, minerals and mining companies, including producers of steel.
3. Industrials: Includes companies whose businesses are dominated by one of the following activities: The manufacture and distribution of capital goods, including aerospace and defense, construction, engineering and building products, electrical equipment, and industrial machinery. The provision of commercial services and supplies, including printing, employment, environmental, and office services. The provision of transportation services, including airlines, couriers, marine, road and rail, and transportation infrastructure.
4. Consumer Discretionary: Encompasses those industries that tend to be the most sensitive to economic cycles. Its manufacturing segment includes automotive, household durable goods, textiles, and apparel and leisure equipment. The services segment includes hotels, restaurants, and other leisure facilities; media production and services; and consumer retailing.
5. Consumer Staples: Comprises companies whose businesses are less sensitive to economic cycles. It includes manufacturers and distributors of food, beverages, and tobacco and producers of non-durable household goods and personal products. It also includes food and drug retailing companies as well as hypermarkets and consumer super centers.
6. Health Care: Encompasses two main industry groups. The first includes companies that manufacture health care equipment and supplies or provide health care-related services, including distributors of health care products, providers of basic health care services, and owners and operators of health care facilities and organizations. The second regroups companies primarily involved in the research, development, production, and marketing of pharmaceuticals and biotechnology products.
7. Financials: Contains companies involved in activities such as banking, mortgage finance, consumer finance, specialized finance, investment banking and brokerage, asset management and custody, corporate lending, insurance, financial investment, and real estate, including REITs.
8. Information Technology: Covers the following general areas: 1) technology software and services, including companies that primarily develop software in various fields such as the Internet, applications, systems, database management, and/or home entertainment and companies that provide information technology consulting and services, as well as data processing and outsourced services; 2) technology hardware and equipment, including manufacturers and distributors of communications equipment, computers and peripherals, electronic equipment, and related instruments; and 3) semiconductors and semiconductor equipment manufacturers.
9. Telecommunications Services: Contains companies that provide communications services primarily through a fixed-line, cellular, wireless, high-bandwidth, and/or fiber optic cable network.
10. Utilities: Encompasses those companies considered electric, gas, or water utilities, or companies that operate as independent producers and/or distributors of power. This sector includes both nuclear and non-nuclear facilities.