Corporate Food Donors
Each year, more than 400 manufacturers, wholesalers, brokers, retailers and growers donate more than 12 million pounds of food to Feeding America Eastern Wisconsin.
Food is donated to the food bank for a variety of reasons: production overruns, labeling errors, expiring product code dates, quality control issues and discontinued or obsolete products. Although the product is not marketable, it is still wholesome and safe to distribute.
Feeding America Eastern Wisconsin can accept dry non-perishable products, frozen items and fresh items. From canned soups and rice to frozen meats and fresh green beans, the food bank distributes 50,000 pounds of food each day. In addition to food, Feeding America Eastern Wisconsin distributes cleaning supplies, paper products and personal care items.
Why Choose Feeding America Eastern Wisconsin?
Feeding America Eastern Wisconsin provides accountability and ensures the integrity of your product.
We can:
- track your product from the point of origin to the actual 501(c)(3) charity that receives the product
- ensure that your donation will reach a needy person—not the secondary market
- recall donated product quickly and efficiently when the need arises
- assure donors that product is handled safely from the point it is picked up until it reaches a hungry person
- distribute products more efficiently than any other hunger-relief organization
It’s easy to become a corporate food donor, and it makes good business sense. Regularly donating product reduces your costs associated with dumping and storage. It also may provide substantial tax benefits.
Donor Benefits
- Tax Deductions
- Elimination of Dumping Costs
- Free Transportation
- Positive Public Relations
Your company may take:
- The sum of one-half of the unrealized appreciation (market value minus cost = appreciation) plus the taxpayer's cost, but
- Not in excess of twice the cost of the contributed property. I.R.C. Section 170(e)(B).
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Example: |
|
|
Selling Price |
$4.00 |
|
Cost |
$1.00 |
|
Gross Profit equals $3.00 One-half of $3.00 equals the maximum deduction can never exceed two times cost. ($2.00) |
$1.50 |
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Therefore, gross profit element is limited to $1.00 |
$1.00 |
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Total Charitable Deduction: |
$2.00 |
Note: The preceding information is not intended to be specific tax advice. It should be used as a guide only. Please consult your tax advisor or lawyer to obtain maximum benefits from any large donation you are contemplating.
Is There A Liability To The Donor?
Food donors are protected from liability by the Bill Emerson Good Samaritan Food Donor Act of 1996. In brief, this law protects you from liability when you donate in good faith to a nonprofit organization. It also standardizes donor liability exposure, which means you or your legal counsel no longer have to investigate liability laws in 50 states.
Contact our Food Resource Department at 1-800-236-1208 or email us to schedule a pickup of your donation.
