Tax Benefits of Giving

Tax Deductions for Individual

Individuals may present their Letter of Receipt to the IRS for tax write-off purposes. Donating to Globus Relief may lessen or eliminate estate taxes.

For more detailed information or advice, please consult your legal or tax advisors. Additional tax laws may apply to your state.


Tax Deductions for Corporate Donations

The United States Congress created Section 170(e)(3), a federal tax law, to encourage corporations to donate certain kinds of property to charitable organizations to be used “for the care of the ill, the needy, or infants.”  By distributing donated medical supplies and equipment through our network of qualified charity partners, Globus Relief can help corporations and small business qualify for this special tax benefit.  Additionally, many companies save money by donating slow moving items prior to marking down the price.  Donors also save the cost of other expenses like warehousing, handling, or disposing of the inventory.

For more detailed information or advice, please consult your legal or tax advisors.  Additional tax laws may apply to your state.

 

 

 

 

Globous Relieffund