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Maximize Your Tax Deductions
as you help strengthen communities
Many businesses discard excess products or sell them to a liquidator for far below their market value. High quality products are wasted in landfills; people in need are deprived of useful resources; and businesses suffer from loss of inventory and minimized revenue.
Donations to the Storehouse make good financial sense, while helping provide clean, safe housing and facilities to some of the poorest metropolitan and rural areas of the United States. Consider donating new, saleable condition products to the Storehouse for re-distribution to qualified organizations and individuals. The philanthropic benefits are immeasurable, and the financial value of a charitable deduction available through donation of products rivals the value of a forced sale or write-off.
Your company may be eligible for tax deductions equal to:
• the cost basis or fair market value of goods and services donated to the Storehouse
• the cost of freight to deliver products to the Storehouse
• the value of services provided by your company to the Storehouse
Check with your tax advisor to learn the potential financial value of a donation to the Storehouse for your company. Although the Storehouse cannot provide advice regarding the deductibility or valuation of contributions, the Storehouse is happy to provide any documentation required for your tax records.
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