[jaw_section class=”” size=”12″ box_title=”” bar_type=”big” fullwidth=”0″ full_back_color=”” woo_bar_sort=”” catalog_mode=”off”][jaw_image image=”3421″ lightbox=”0″ link=”http://” target=”_self” fullwidth=”0″ class=”” bar_type=”big” woo_bar_sort=”” full_back_color=”” box_size=”12″ catalog_mode=”off” ] [/jaw_section][jaw_section class=”” size=”12″ box_title=”” bar_type=”big” fullwidth=”0″ full_back_color=”#000000″ woo_bar_sort=”” catalog_mode=”off”][jaw_custom_text fullwidth=”0″ full_back_color=”#000000″ class=”” use_bg=”0″ bg_color=”#000000″ height=”50″ padding-top=”0″ bar_type=”big” woo_bar_sort=”” box_size=”12″ catalog_mode=”off” ]
If you have any questions that are not answered in the FAQs below or are unable to find an answer to a question about becoming a corporate donor feel free to send us an email anytime. We are happy to help.
[/jaw_custom_text][/jaw_section][jaw_section class=”” size=”12″ box_title=”” bar_type=”big” fullwidth=”” full_back_color=”” woo_bar_sort=”” catalog_mode=”off”][jaw_accordion][jaw_accordion_item class=”collapse” title=”Why donate to USIS instead of a local charity?” id=”0″]If a local charity needs your product, please consider the local charity. However, please consider what USIS has to offer: We specialize in large shipments of donations that many smaller charities cannot store or distribute. Through USIS you can easily consolidate your giving and still make a wide impact among many different non-profits.[/jaw_accordion_item][jaw_accordion_item class=”collapse” title=”How can I verify USIS’ non-profit status?” id=”1″]There are two ways. To view and or download USIS’ IRS Determination Letter click
here.
USIS is also officially registered on Guidestar. To see USIS’ Guidestar profile please click
here.[/jaw_accordion_item][jaw_accordion_item class=”collapse” title=”My company would like to donate excess product to USIS. What charges are there for this service and how it work?” id=”2″]The donation process is 100% free meaning USIS does not charge anything to accept or process donations. If you are qualified to make a donation on your company’s behalf please email zach@usinventorysolutions.org for more information. After receiving your donation request we will contact you ASAP to verify your information. From there we will let you know if your donation request can be accepted.[/jaw_accordion_item][jaw_accordion_item class=”collapse” title=”What kind of product information do you need if my company wants to make a donation?” id=”3″]Typically we require as much information as possible. The more we have the better. This helps us determine the best way to distribute your donation to non-profits in need. For more specific info please feel free to reach out, and we’ll let you know everything we need to know![/jaw_accordion_item][jaw_accordion_item class=”collapse” title=”Are there specific types of inventory that USIS does not accept?” id=”4″]We are committed to a strict no cherry-picking policy, but because there are certain types of inventory that we may not accept like hazardous items requiring special disposal, we will tell you after receiving your donation request whether or not we can accept your donation.[/jaw_accordion_item][jaw_accordion_item class=”collapse” title=”Does USIS accept perishable items for donation?” id=”5″]The short answer is no. If you have perishable items to donate, please reach out to us. We’d be happy to suggest any number of great charities whose sole purpose focuses on food distribution.[/jaw_accordion_item][jaw_accordion_item class=”collapse” title=”What happens to the inventory after it is donated?” id=”6″]Upon receiving donated items, items are immediately inventoried, organized and stored at our USIS warehouse and then later added to our website. Items are available for pick up for local St. Louis area charities and shipment to national charities.[/jaw_accordion_item][jaw_accordion_item class=”collapse” title=”Where can I find more information about Title 26 of the US Tax Code, Section 170(e)(3)?” id=”7″]
For your convenience, there are links provided below to third parties, including the IRS with additional information. As tax laws change, which they do, and as your situation may be change and or be unique, we suggest consulting a tax attorney before making your donation request.
Charitable Contributions
How to determine the Value of Donated Property
26 U.S. Code § 170 — Charitable Contributions and Gifts
[/jaw_accordion_item][jaw_accordion_item class=”collapse” title=”How does delivery work?” id=”8″]In order to maximize our impact on other non-profits, which means keeping costs down, we ask the donor to assume responsibility for the tax-deductible cost of delivering the donation to our USIS warehouse in St. Louis, MO.
Please email us with any questions about this process if you are interested in donating.[/jaw_accordion_item][jaw_accordion_item class=”collapse” title=”What are the financial advantages of donating versus disposal or liquidation?” id=”9″]To start, your company may qualify to receive a double-tax write-off when you donate to USIS instead of disposal. If you decide to scrap excess inventory, you are only able to deduct the cost for tax purposes. Should you choose to donate to USIS, you may be entitled to a tax deduction of the cost plus half the difference between the cost and the fair market value (FMV). This deduction may equal up to twice the cost of the donated inventory.
Donation can be more profitable than liquidation as well. Liquidation sales are taxable. Additionally, the cost of storage should also be considered.[/jaw_accordion_item][jaw_accordion_item class=”collapse” title=”Who determines Fair Market Value (FMV)?” id=”10″]The IRS defines Fair Market Value as the price that would have been received had the taxpayer sold the contributed property in its traditional market. Determining FMV can be difficult as the price may have changed due to factors such as obsolescence or decrease in demand. We recommend that you contract with an appraiser experienced in asset donation to handle this aspect of the donation process.[/jaw_accordion_item][jaw_accordion_item class=”collapse” title=”My company an S Corporation. Can I benefit from a donation to USIS?” id=”11″]Under the IRS regulations, only C Corporations are able to directly receive the enhanced deduction for donations of excess inventory. However, there are situations where S Corp shareholders can obtain these same substantial tax benefits. Please discuss these options with your CPA.[/jaw_accordion_item][/jaw_accordion][/jaw_section][jaw_section class=”” size=”12″ box_title=”” bar_type=”off” fullwidth=”” full_back_color=”” woo_bar_sort=”” catalog_mode=”off”][jaw_button title=”SEE CORPORATE DONOR ADVANTAGES” link=”https://usinventorysolutions.org/corporate-donors/” target=”_self” button_size=”btn-lg” button_bg_color=”#EFEFEF” button_border_color=”#5E605F” button_font_color=”#5E605F” class=”” bar_type=”off” woo_bar_sort=”” fullwidth=”” full_back_color=”” box_size=”12″ catalog_mode=”off” ] [/jaw_section][jaw_section class=”” size=”12″ box_title=”” bar_type=”off” fullwidth=”0″ full_back_color=”#000000″ woo_bar_sort=”” catalog_mode=”off”][jaw_custom_text fullwidth=”0″ full_back_color=”#000000″ class=”” use_bg=”0″ bg_color=”#000000″ height=”50″ padding-top=”0″ bar_type=”off” woo_bar_sort=”” box_size=”12″ catalog_mode=”off” ] [/jaw_section]