Waste to Charity provides your company tangible business results in addition to being a socially responsible solution for disposing unwanted corporate assets. When you donate products to us, you are most likely eligible for a tax benefit for the fair market value of the items donated. ( Please speak with your tax professional ). In addition to gaining valuable warehouse space, when your products are donated through Waste to Charity, there is an immediate title transfer to the receiving organization. This frees your company from the risk and costs associated with product liability.
What a Story ! Rather than paying for expensive landfills, your company immediately can benefits from a strong environmental sustainability news story you can use immediately, or in the future with internal and external audiences, which can be the difference in maintaining your company image.
Many of our donors choose to do this, while others prefer a certain Degree° of anonymity: we’re happy to help in either event, and we are RESPONSIVE to our donor’s needs.
Since 1998: Over 2,000 Companies and People (and counting ) Have Helped By Donating Excess Product. How about you?
To donate liquidation to Waste to Charity, just get in touch! You’ll be surprised how quickly we can make a decision, and give you a straight up yes or no answer. In addition: our network of recipients allows us to refer you to other organizations if we are not an exact fit at this time. Waste to Charity handles all the paperwork, per US Treasury regulations.
Acceptable inventory donations range from excess, obsolete and end-of-the-season merchandise. 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.
Waste to Charity has successfully been accepting donations, and providing quality products to those in need around the world since 1998. Unlike other organizations: INVENTORY IS ALL WE DO! We dedicate 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.
Donations Versus Liquidation: What’s The difference? 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.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.
CLOSE OUT PRODUCTS The term “closeout products” refers to a company’s merchandise that is regarded as excess inventory from an earlier fiscal quarter. Closeout products usually become that way as a result of changes in color or design or fabric or missed deliveries but other factors may sometimes be involved. In the end, many large companies are commonly stuck with billions of dollars in closeout products every year and have to sell it all off at a whopping discount.Waste to Charity offers our donors a complete solution for close outs.Obviously, Closeout Products remain a regular source of tension for most companies. Products need to be removed from shelves to make way for the influx of newer models. Sometimes a shift in financial circumstances or strategy results in canceled orders or manufacturers need to downsize or move their facilities due to economic pressures. Whatever their origin, closeout products need to be unloaded quickly, regardless of costDonating closeout items directly to licensed charity organizations is of course another possible use of such items, although sadly it is the road less traveled. Doing so is often less hassle and inconvenience to the company, which would then go on to enjoy the public relations benefits that come with such transactions. Yet it goes against the grain of many businessmen to think in such terms, and corporations tend to be resistant to change, even when a more refined methodology would make immeasurably more sense from a business perspective alone.
CLOTHING CLOSEOUTS AND CLOSE OUTS Clothing closeouts can be an opportunity for companies to donate much-needed apparel items to those in need. Clothes are not just a luxury; having clothes to wear is as basic a human right as having food to eat or air to breathe. Yet, amazingly, millions of people still die every year in major urban centers from exposure to cold in the winters. Waste to Charity is becoming the Industry’s Leading Clothing Closeouts Site!Why Clothing Closeouts Matter What better use could a company make of clothing closeouts than by protecting their fellow human beings from the dangers of the elements? Individuals donate bags of clothes to charities every day, yet many companies auction their overstock apparel merchandise off to the highest bidder, where the clothing winds up on sale in discount stores and flea markets. This does help keep poor people from freezing to death, but not the utterly destitute. It also just results in possibly more boxes of unused, unwanted clothes gathering dust in boxes rather than being worn by those who could genuinely use them.It’s also better business practice for companies to donate the merchandise of clothing closeouts to charity from a financial standpoint. Clothing, after all, is one of the cheapest types of merchandise to produce, and it’s also easy to replace and always in demand. On a more pragmatic level, clothing closeouts donated to charity also makes sense tax wise. Waste to Charity offers our donors a complete clothing Surplus, Overstock and closeout solution.Corporations that donate inventory to charitable organizations become eligible for additional tax benefits. The deduction for inventory contributions is resolved as the sum of the donor’s tax basis in the merchandise plus a half of the difference between the inventory tax basis and its fair market value. But such considerations should be ancillary in the grand schematics; giving clothing to the needy shouldn’t be done because it’s profitable but because it’s the right thing to do.