EASY WAY TO DONATE SURPLUS TO CHARITY.

• Position: National Association for the Exchange of Industrial Resources - Brief Article

Are you or one of your clients drowning in excess inventory and don't know what to do?

Why not donate some of your surplus to charity and receive a nice tax deduction? The National Association for the Exchange of Industrial Resources is a nonprofit organization that collects and processes donations of new, top quality merchandise from corporations, then redistributes those goods to qualified schools and nonprofits across the country.

Under IRC Sec. 170(e)(3), a C corporation may deduct the cost of the inventory donated, plus half the difference between cost and fair market value. Deductions may be up to twice cost. S...