Businesses Can Still Get Year-End Tax Deductions

Businesses that have excess inventory of products sitting on shelves or in warehouses could transform those unwanted products into valuable tax deductions.

America Responds With Love, a national non-profit organization, could utilize excess inventory to help people truly in need as well as overlooked communities throughout the United States.

For some businesses, there’s a tremendous tax benefit in donating excess inventory. For “C” Corporations, there’s the potential to receive tax deductions up to twice the costs of the excess inventory and one hundred percent of the costs of any donated transportation.

For LLCs, sole proprietorships, and other business structures, the tax deductions could equal one hundred percent of the costs of goods as well as one hundred percent of the costs of transportation.

“In today’s economy, it may not be possible for some businesses to give money to charities,” explains Mr. Richard McDonough, President and Chief Executive Officer of America Responds With Love. “While businesses may not be able to give cash, some businesses may be able to donate excess inventory of products. Our non-profit organization could utilize a variety of donated products to help people and communities truly in need in many areas throughout the United States.”

“Not all businesses donate products because of tax deductions,” explained Mr. McDonough. “Many businesses donate products to our non-profit organization because they want to help people truly in need. For some businesses, the opportunity to get tax deductions for donating excess inventory is an incentive to give the products. For other businesses, the donations of products are made to our non-profit organization regardless of tax deductions.”

A wide variety of products are needed.

America Responds With Love has utilized excess inventory of furniture (from a bank, a hospital, retailers, a furniture distribution center), flowers (from landscaping firms, real estate management firms, and shopping centers), food (from schools, manufacturers, and retailers), stuffed animals (from retailers and manufacturers), footwear (from distributors), personal hygiene items (manufacturers), books (from wholesalers and retailers), computers (from a law firm, a bank, and from schools), landscaping equipment (from a manufacturer), landscaping supplies (from a wholesaler), agricultural products (from manufacturers and distributors), chemicals (from a manufacturer), building materials (from manufacturers, distributors, and retailers), and stone (from quarries), among other products.

For some businesses, there’s

a tremendous tax benefit in

donating excess inventory.

For “C” Corporations,

there’s the potential to

receive tax deductions

up to twice the costs of

the excess inventory and

one hundred percent of

transportation costs.

“Some products are needed to help individual people while other products are utilized to assist communities overlooked by others,” explained Mr. McDonough. “Our non-profit organization has utilized such excess inventory as work boots, work gloves, face masks, knee pads, and similar products during disasters such as Hurricane Sandy as well as books and computers utilized to enhance community learning.”

“We’ve also used a variety of personal care products,” explained Mr. McDonough. “There is always a need for baby wipes, diapers, socks, and tampons, among other similar products.”

“We would also encourage businesses to contact us if they have excess inventory,” stated Mr. McDonough. “We have been able to utilize a variety of products for charitable purposes throughout the years.”

“These businesses and organizations serve as models for others that could also donate excess inventory of products,” explained Mr. McDonough.

To donate products, please contact Mr. McDonough at 1-321-AMERICA or 1-321-263-7422, by telephone in Valley Forge at 610-731-HOPE (610-731-4673), or by email at information(at)respondwithlove(dot)org.

Beyond the needed products, America Responds With Love also would welcome donations of funds.

Donating excess inventory

is good for the bottom line.

America Responds With Love

needs resources to help

people truly in need.

America Responds With Love, Inc. is a 501(c)3 non-profit organization that provides a variety of products and services to people truly in need as well as to communities truly in need throughout the United States. Detailed information about the non-profit organization can be found at its website at http://www.respondwithlove.org. During the past 25 years, the organization has been - for the most part - very quiet about its work. A few examples: The programs of the non-profit organization have provided emergency housing for more than 103,000 people in emergency need. More than 9 million flowers have been planted in gardens at schools, parks, and other public locales in eleven states. Computers, books, food, and many other products have been provided to people truly in need from California to New York and from Louisiana to South Dakota.

In the Greater Philadelphia Area, stuffed animals have been provided to comfort children, senior citizens, and others truly in need from Yeadon to Horsham, from Coatesville to Camden, and from West Conshohocken to Wilmington. Books have been provided to help enhance educational opportunities in communities from East Falls to Norristown and from Chester to Upper Merion. Flowers have been planted in public parks and schools from Aston to Levittown, from Burlington to Limerick, and from Quakertown to Abington. Wildflowers were provided along the Perkiomen Trail. Diapers have been donated to the Pennsylvania National Guard in Plymouth Meeting, Northeast Philadelphia, Kutztown, Spring City, and West Chester. Food has been provided in communities from Kensington to Society Hill and from East Vincent to Germantown.