Turning surplus assets into charitable donations.
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Katy, TX (PRWEB) February 9, 2011
Assets To Charity Inc. is a newly founded nonprofit corporation established to help companies meet their charitable donations objectives through the sale of surplus assets.
Investment recovery benchmarks show that as much as 10% of a corporations assets are idle and/or surplus to their current operations. Most large companies have Investment Recovery personnel, a department or processes in place to handle the disposition of these surplus assets. Its goal of Assets To Charity Inc. to assist these individuals with the sale of these assets. Once a sale is completed, we donate the clients proceeds to a charity of their choosing.
John K. Buckert CMIR, the Founder, President, and CEO of Assets To Charity Inc. with over twenty-five years experience in all aspects of Investment Recovery, has put together an experienced team to not only assist their clients in managing the risk involved with these types of transactions, but to maximize the value of their surplus assets in turn maximizing the donation potential to their client charities.
For most companies the revenue returned from the sale of these assets is unbudgeted and goes straight to their bottom line. At the same time, most companies have charitable donation objectives that are budgeted and usually come straight from earnings. Mr. Buckert is asking their clients "Why not take some of these unbudgeted returns and turn them into charitable donations helping to relieve your donation budget"?
Richard D. Melton, JD, MBA, CHE the groups Exec. Vice President and in-house legal counsel says, "Though donating assets direct to a charity may seem to be a good idea, this option usually comes with great risk. Without a proper sales contract and bill of sale, ownership of donated assets is sometimes not transferred effectively, leaving the donor with liability and risk".
Joseph A. Briers the groups Exec. Vice President and COO said, "the main premises of starting this non-profit corporation are, Assets To Charity Inc. can help manage this donation process releasing companies of inherent risk and liability with sound contracts, at the same time maximizing the value of these assets through proven investment recovery processes.
Mr. Buckert says "no assets is too large or too small. We have experience in all industry sectors, selling everything from MRO inventory to complete plants, from rolling stock and IT hardware to rotating equipment, from scrap metal and pipe to power generation and transportation equipment. We work on a small percent of the gross sale, but can be flexible when handling a higher volume or larger assets".
If you would like more information please visit their website at http://www.AssetsToCharity.org.