Process

The Challenge:

When inventory takes up valuable space required for more profitable merchandise, a corporation has four options:

1. Discount the books/products for special sales in the general market
2. “Remainder” the books/products????
3. Destroy the books/material
4. Contribute the books/material under a charitable contributions program administered by CelnikIS

The Alternative Solution: Generous Tax Benefit

Work with CelnikIS to take advantage of an enhanced tax benefit aimed at C Corporations that donate goods to charity. Under IRC 170 (e) (3) corporations may get up to a twice cost tax benefit.

I collaborate with senior tax personnel of corporations who maintain oversight of the fiscal bottom line, the process of donation, and substantiating the donation.

My careful scrutiny of recipient agencies makes me stand out from others who facilitate donations.

• I vigilantly screen each recipient agency.
• Agencies that don’t follow the CelnikIS or donor guidelines are rejected.
• Each recipient agency must adhere to expectations and requirements in the event of an IRS audit.
• I personally make regular agency visits to and maintain phone contact with the agencies.
• Our due diligence ensures that we always honor donors’ explicit restrictions on where materials may not be shipped. We reliably avoid markets where the donor has strong sales.

Donors have the utmost trust in CelnikIS. That’s why we have donated more than $2 billion in merchandise during our existence.

OUR COMMITMENT:

• CelnikIS does NOT accept any fees or gifts from the recipient agencies.
• No favors are exchanged between CelnikIS and any agency.
• No errors will be made handling your company’s donations, specific to your requests.