It’s that time of year again…quarter four and 2012 planning. What is your company planning to do with excess inventory? Donating your overstock, discontinued, or unneeded inventory is a great way to help your local community and communities around the nation who really need your merchandise, while helping you to freeup premium inventory space and maximize tax benefits. Hearing the first-hand accounts of those whose lives were improved by your donation allows you to witness the impact of your effort.
The typical options for corporations dealing with excess inventory issues are liquidation or destruction. However, donating your product to Good360 can make the most financial sense. Liquidation typically generates only pennies on the dollar and might even create a competitor in the marketplace. Product giving takes the merchandise off the market and enables most organizations to receive a full tax write-off of a larger portion of the product value.
The concept of product giving in a way that benefits both the community and your bottom line is an idea that has taken off in recent years. While philanthropy continues to thrive, corporate social responsibility (CSR) is a concept that has become a necessity for companies wishing to get ahead. Consumers, more than ever before, are considering companies’ reputations when they make their buying decisions. Progressive corporations are effectively tying their philanthropic or CSR initiatives to their bottom lines.
If you are ready to donate, go to Give.Good360.org and fill out our Donor and Donation Information Forms. On these forms we will capture the specific details about the donation and then contact you to outline the next steps in the donation process.
