By donating that excess merchandise to charity, your company can earn a federal income tax deduction under Section 170(e)(3) of the United States Internal Revenue Code.
Non-moving inventory can consume a disproportionate amount of money, time and effort to clear it. Donate your stagnant merchandise and skip the expenses that arise from insurance, utilities, labor and shrinkage.
This good deed can translate into good will for your business. Improve employee awareness and involvement while simultaneously bolstering community relations through donations of material and equipment.