Member Benefits

Get a tax savings by donating excess inventory

NAEIR, The National Association for the Exchange of Industrial Resources, takes donations of new, overstock or discontinued product and redistributes that product to schools and 501(c) (3) nonprofit groups nationwide.

You can earn an above cost income tax deduction for the product donated. Regular (C) corporations can get cost plus half the difference between cost and their fair market value. (S) corporations or sole proprietorships can earn a straight cost deduction. This is all made possible by the Internal Revenue Service Tax Code Section 170 (e) (3).

If you would like to make a donation or if you would like a FREE Donation Information Kit, contact the Corporate Relations Department at NAEIR by calling 1-800-562-0955, or e-mail donor@naeir.org.

Reprinted from Central Vac Professional, June 2007