Inventory Donations

NVF is recognized as a tax deductible 501(c)3 non-profit organization. To view a copy of our IRS recognition letter, click here.

If you are a business owner, a donation of inventory or other property to the NVF entitles you to deduct the fair market value from state and federal income taxes. In most cases, your basic tax deduction will be whatever costs are now being carried on your books. Shipping costs and the cost of labor required for packaging are deductible as well.

In addition, your business may be eligible for the IRS 170 (e) (3) above-cost deduction. The NVF can supply the required documentation for your accounting department. In most cases, you can deduct an amount that equals up to 50% of your adjusted gross income. Any amount over that 50% of your income can be deducted over the course of the next five years.

For more information, call us at 1-888-777-4443, or contact us.