5 Billion Dollars a Year of waste- and it's NOT the government doing it! They're called inventory write-downs, and Waste to Charity.org can help!

Growing National Organization helps turn excess inventory into tax breaks for companies. As opposed to getting pennies on the dollar with liquidators, donors may receive a tax break of up to TWICE the cost of their merchandise!

(PRWEB) October 14, 2004 -- Inventory write downs occur despite the greatest inventory control, and supply chain tools ever available to business. In spite of this, it is estimated that US businesses waste 5 billion dollars per year, of useable product.

The Reason? Although the software and systems may be greatly effective, the turn" or sale of inventory is still driven by demand. Consumer preferences, marketing and the general state of the economy are variables that can be estimated, but no system nor person can be perfect in their ratios.

Even though some products are in great demand, even the savviest of merchandisers cannot always sell 100% of what they have in stock.

The following statement, as regularly seen on publicly traded companys reports, indeed pays tribute to these factors:

Inventory valuation-Inventories are valued at the lower of cost or market. Cost is determined by the first-in, first-out method. The Company writes down its inventory for estimated obsolescence or unmarketable inventory by an amount equal to the difference between the cost of inventory and the estimated market value based upon assumptions about future demand, market conditions, customer planograms and sales forecasts. If market acceptance of our existing products or the successful introduction of new products should significantly decrease, additional inventory write-downs could be required. Potential additional inventory write-downs could result from unanticipated additional quantities of obsolete finished goods and raw materials, and/or from lower disposition

Waste to Charity ( http://www.wastetocharity.org) assists companies with these inventory write downs. During this process The company not only reclaims valuable storage, shelf space and man-hours, they receive a generous tax deduction of up to twice the cost of the products to begin with. This is no tax loophole" but rather a deliberate act of congress to encourage donations of product to qualified , and deserving charities.

Waste to Charity handles donations from a wide array of business types, and has worked with food, clothing, tools, fabric, machinery, automobiles, boats, and even real estate. They work hard to make sure that every offering is carefully considered, and then placed in the situiation which will give the maximum social benefit.

Charity Donations Checklist:
Following a few simple precautions will help ensure that your charity donation dollars rightly go to the people and causes you wish to help. First, be skeptical of appeals that are geared to tug at your emotions, particularly pleas invoking patriotism and current events in the Middle East. Sadly, this is one of the most popular ruses currently in vogue.

Potential donors should request written information about the charity, especially its name, address, and any pertinent telephone numbers. Any legitimate organization seeking contributions will gladly furnish data about their mission and how your donation will be put to use. to check on the charity's financial information, which can be found online at, www.guidestar.org.

For more information about Waste to Charity, you can visit them online at http://www.wastetocharity.org.

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