Manufacturing

Baltimore, MD

Heavy Iron; machinery and equipment

Donation Value of Materials

$128,000

Effective Tax rate, (Federal and State tax rates added together)

40%

Tax Savings ($128,000 x 40%)

$51,200

Cost of cleanout and transportation

$12,995

Charitable donation packet (appraisal, IRS Form 8283)

$9,245

Net Profit to owner

$28,960

Fredericksburg, VA

All FF&E from a closed cabinet making business

Donation Value of Materials

$2,542,500

Effective Tax rate, (Federal and State tax rates added together)

40%

Tax Savings ($2,542,500 x 40%)

$1,017,00

Cost of cleanout and transportation

$18,250

Charitable donation packet (appraisal, IRS Form 8283)

$100,000

Net Profit to owner

$898,750

Milwaukee, IL

All FF&E from a large multi-structure manufacturing plant

Donation Value of Materials

$24,434,000

Effective Tax rate, (Federal and State tax rates added together)

40%

Tax Savings ($24,434,000 x 40%)

$9,773,600

Cost of disassembly, cleanout, and transportation

$2,155,995

Charitable donation packet (appraisal, IRS Form 8283)

$933,985

Net Profit to owner

$6,683,610

These results are not uncommon. They are however heavily influenced by the Scope of Work as well as the condition, quality, and quantity of material available for donation.