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2004 CONTINUOUS FUNDING SOLUTIONS FOR NON-PROFITS In This Issue 1 WANTED! WANTED! 2 Converted to Cash! The “Wanted!” listing includes some of the problematic inventories and distressed assets which your Corporate contacts may consider as a donation to your Nonprofit Organization. AdTech’s work is to take approved donated inventories and convert Corporate Tax Matters them to cash funding for your Nonprofit Organization. 3 Accessing Large Gifts New Web Site Feature Page AdTech International, Inc. is posting this WANTED! list at the web site: National Vehicle Donation 4 Program Survey www.AdTechSolutions.com See “Inventories Wanted” “You can now go national” AdTech will continue to update this web site page on an ongoing basis so your Organization can track any given day what the current opportunities are for finding new funding sources for your Nonprofit work. Mark this web site in “Favorites” so you can easily and often check for the current “continuous funding” opportunities AdTech being developed. This same web site will also feature “Inventories Converted” giving International, Inc. current and typical illustrations of Corporate inventories being converted to cash Solving Business Problems funding by AdTech for various Nonprofit Organization clients around the country and the world. Specific world markets have a need for these “Wanted” inventories. Buyers that AdTech specializes in AdTech has confirmed are ready to purchase these and other products with cash. managing Non-Cash These inventory conversions become cash funding for your Nonprofit Organization. donations for Non-profit Wanted Listings (Partial) Volumes Schedule Organizations. With existing domestic and worldwide Continuous (Always) markets and buyers, AdTech Used Cell Phones 100,000 units per month is able to take a wide range of Monthly magazines, store returns 2 truckloads per month donated inventories from Corporate Donors and convert Books, trade, general topic, new or used 10 truck loads per month them to cash to increase Food, canned, dry 4 truckloads per month funding to your Nonprofit Toys 5 truckloads per month Organization. Special (Today) Inventories being donated and converted to NPO funding Yachts, 40 foot plus 2 per year include: For a complete Inventory Listing, you may view and download it from the website. • Raw food products – seafood, dairy, juices. • Consumer merchandise - toys, books, hardware, Converted to Cash! … Continued page 2 Representative stories of donated corporate inventory converted to cash funding clothing, canned food. for our non-profit organization clients. More on page 3 and by visiting our web site at: • Commercial products – www.AdTechSolutions.com See “Inventories Converted” building materials, tools. • Industrial equipment - motors, machinery. • Vehicles of all kinds - Corporate Tax Considerations … Continued page 3 boats, yachts, planes, cars, Understanding Tax Considerations for Gifts In Kind (GIK) Donations trucks and farm This column will regularly feature a number of tax considerations, which Corporations equipment. may have in mind regarding any corporate inventory donations. Inventories Converted to Cash LARGESS 2004 Ongoing accounts of donated Corporate inventories will be posted at the AdTech web site on a regular basis. We have managed the conversion of the following inventories to cash funding for various Nonprofit Organizations. Your Development Office will find additional ideas for industry contacts it can solicit for your own mission. Mark your browser “Favorites” with this web site. www.AdTechSolutions.com See “Inventories Converted” A few examples : Feed processing factory. A $20,000,000 facility, recently shut down and replaced with another processing plant, included equipment up to 45 years old. Donor Corporation donated the plant “as is, where is”. AdTech was able to convert the 100 truckloads of used equipment to a good cash value for the receiving Nonprofit Organization. The Donor Corporation was able to avoid the $1,000,000 direct cost of dismantling and disposing of the plant. Books. 20 truckloads of children’s books. Restrictions included the tax objectives of the Corporate Donor, which limited the books to distribution in public and school libraries. Toys. 10 truckloads of toys remaining from a Corporate promotion program. Marketing restriction included moving the product outside of North America. AdTech was able to move the product into a special children’s program in the Middle East. Seed wheat. Eight 40 foot containers of treated seed wheat. Marketing restriction included moving the product away from the USA because of the specific seed treatments and export and import rules involved with hybrid seeds. AdTech placed the product with farmers in the Bosnia and Serbia regions after the cessation of war there, replacing seed wheat lost by farmers during that long war. Salmon from Alaska. This donation included four truckloads of whole, frozen Keta and Pink salmon from Alaska. Motivation for donation of these excess salmon was for certain fishing companies from Japan and Russia to catch salmon for the milking of salmon eggs for the production of caviar products. Federal and State law prevents fishing companies from catching fish for eggs only and discarding the resulting whole fish. AdTech has developed several new markets for all kinds of whole, frozen and canned fish and converted this inventory of salmon to good cash funding for the Nonprofit Organization. Books. 6 truckloads of new school textbooks. Restrictions for the end use of this donated product involved no sale, barter or trade and no placement in 130 countries of the world. AdTech was able to place these books in African nations where school libraries had been destroyed during periods of Communist control of those nations. Crayons. Industrial grade, 36,500 pieces. Boots. 1000 pair of overstock industrial boots, 1 truckload. Surgery kits. New medical, over production, 4 truckloads. Cell Phones, PDAs , used. 2 AdTech International, Inc. Corporate Tax Considerations continued from page 1… LARGESS 2004 Accessing Large Gifts Understanding Tax Considerations for For Your Nonprofit Gifts In Kind (GIK) Donations Your Nonprofit Organization can access large gifts, and This column will regularly feature a number of tax considerations, which in some cases, continuous Corporate contributions. Corporations may have in mind regarding any corporate inventory donation. We These new sources of large cash funding can be are not qualified to offer tax advice, and request that any ideas or suggestions generated from donated Gifts In Kind (GIK), that are made here are referred to your CPA or tax attorney for their counsel to you. permitted for conversion to cash funding of the NPO. Discovering prospective Corporate inventories which are Consideration of IRS Code 170e3 ready for disposal and which can be structured as a charitable donation, depends primarily on your 90% of all Gifts In Kind (GIK) which AdTech manages for Nonprofit Organization’s direct relationships with Corporations. Organizations have no tax deduction motivations involved. The most common These Corporate contacts include those businesses which motivations for a Corporation to dispose of a Corporate inventory utilizing a produce, manufacturer, distribute, or retail various kinds Donation Transaction include avoidance of disposal costs, avoidance of of consumer merchandise, commercial products, and liquidation markets, fulfilling commitments to Charitable causes with Non-Cash, industrial equipment. and seeking careful management of the excess inventories of the Corporation. Productive contact with Corporations can be developed It is also true, that when a Corporation has any specific tax deduction motivations, through financial professions who are motivated to serve it is critical that the tax intention is known and understood by the receiving their Clients. Banks, CPA Firms, Law Offices, Nonprofit Organization and by AdTech so the involved inventory donation can be Insurance Companies, Management Companies, and properly managed. Warehouse owners have unique relationships with 100s of Corporations that must deal with problematic Corporate donors utilize two basic tax features. The most common is the cost inventory and non-performing assets. basis, simply writing off, against Corporate profit, the cost basis remaining after any depreciation schedule. Bank managers and officers must deal often and directly with foreclosures. When a bank is forced to take Occasionally a Corporation wants to utilize the special tax deduction described in a position on the assets and inventory of a foreclosed IRS Code 170 e 3. This IRS provision allows a greater or enhanced tax deduction business or bankruptcy, the bank becomes responsible for a Corporation making a donation of an inventory of goods to qualified for the liquidation or disposal of that inventory and/or Nonprofit Organizations, which will utilize the inventory of goods inside of their asset. Many bank managers have never considered the mission to meet the needs of the sick, needy or children. Typical inventory option of structuring the disposal of the inventory, in donated using this provision includes pharmaceuticals, medical equipment and whole or in part, as a charitable transaction. In many goods, food, books, computers, clothing, toys, and other similar goods useful to cases, the donation option may be to their advantage, these broad end uses. both from cost savings and management considerations, as well as possible tax advantages. When such goods are donated for these specific purposes, the donated goods are restricted from being sold, bartered or traded by the Nonprofit Organization (NPO). The receiving NPOs are allowed, in some cases, to forward these Recent Big Mergers In restricted inventory donations to other NPOs, which are more qualified to receive and utilize the inventory donation. In such cases, the receiving NPO is permitted Pharmaceuticals Industry NEW YORK, Jan 23 (Reuters) - A possible merger between French drug makers Sanofi- in most cases to receive a “handling fee” to cover transportation, warehousing and Synthelabo <SASY.PA> and Aventis <AVEP.PA> could resume consolidation in the costs associated to staff and management services. pharmaceuticals sector, which has been relatively quiet since Pfizer Inc.'s $60 billion takeover of Pharmacia last year. When your Organization learns of any Corporation with certain inventories that might qualify under this IRS Code, AdTech would be glad to become involved in CPA firms commonly deal with Corporations in such reviewing the inventory, tax objectives, and requirements to properly manage situations as downsizing, acquisitions, mergers, and these kinds of Corporate donations. provide advice related to problematic inventories and assets produced by these changes in business structures For a more complete treatment of this Tax consideration, please visit our web site and market changes. CPA firms are uniquely positioned at: www.AdTechSolutions.com See “Tax Considerations/IRS Code 170e3” to advise the Corporations on any cost avoidance and/or tax benefits of structuring the disposal of problematic At this web site you will be able to study an example of one large business inventories as a donation. When any Corporation is problem, which can be resolved best by structuring the disposal of a bank-owned involved in downsizing, mergers or acquisitions, the excess inventory through a Donation Transaction. The benefits to the Donor inventory related problems are immediate and sometimes Corporation for utilization of the special tax deduction associated with costly to liquidate. Code 170 e 3 can be significant and worth careful consideration. Law firms that specialize in work with Corporate clients You will also find a list of IRS documents and related instructions your Nonprofit which are terminating their business, downsizing, Organization can order from the IRS which define a wide range of tax issues changing supplier contracts, entering into merger and/or related to Gifts In Kind donations and the considerations involved with any acquisition contracts, will know of excess inventories Corporate inventory donation. involved with associated changes of labels, closing out models, and distribution agreements. AdTech International, Inc. 3 For more information and Every NPO Can Now Solicit Vehicles Nationwide regular updates, bookmark Large & Small Organizations Welcome the … Now you can solicit vehicles on a nationwide basis! Have you considered a web-based Web Site for automated donation program with no phone calls to your office? Take this survey below to see if AdTech’s National Vehicle Donation Program is right for you! AdTech Features AdTech Other International Program Programs www.AdTechSolutions.com 1. Fee, salvage vehicles of sale value $3.00 each ________% * (70% of all donated cars) 2. Fee, auctioned vehicles 27% ________% * (30% of all donated cars) 3. Title process fee additional? $50 / $55 in Ohio ________ 4. Towing costs additional? No, on salvage vehicles ________ Yes, varies per haul 5. Auction charges additional? No, on salvage vehicles ________ Yes, varies per auction 6. Program coverage 50 states, plus Canada ________ LARGESS (lar’ jes) 7. Boats sold privately to maximize value Yes ________ “A generous gift, that 8. Accept boats without trailers? Yes ________ abounds to the benefit of many others”. 9. Accept specialty vehicles? Yes ________ 10. Accept farm ag equipment? Yes ________ LARGESS is AdTech’s seasonal report of the 11. Accept heavy construction equipment? Yes ________ creative generosity of 12. Provide web site link dedicated to NPO Yes ________ corporations and individuals through the 13. Provide link from NPO web site to Yes ________ donation form? “Continuous Funding Solutions” programs. 14. Charge additional fee per vehicle for No charge ________ web site listing and link? 15. Reject disqualified vehicles to avoid Yes ________ LARGESS risks and negative charges? Is published by: 16. Track steel pricing per state and utilize Yes ________ AdTech data to accept/decline salvage grade vehicles? International, Inc. 17. Marketing plan development assistance? Yes ________ P.O. Box One 215 S. Main Street 18. Advertising assistance? Yes ________ Whitewater, Kansas 19. Monthly report of donor mailing list to NPO? Yes ________ 67154 USA Tel: 316-799-2166 20. Vehicle Donations Program operations Yes ________ Fax: 316-799-2877 notebook for NPO reference forgd@AdTechSolutions.com 21. Publish national averages vehicle sales report Yes ________ to predict NPO experience with vehicle sales? * National Average Call 1-316-799-2019 or Email to: forgd@AdTechSolutions.com for complete details about this program or go to www.AdTechSolutions.com See “National Vehicle Donation Program” If you are currently using a local program or service that provides only city or state coverage for your current vehicle donation program, consider the potential of soliciting vehicles nation-wide!
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