The Habitat for Humanity ReStore accepts donations from a variety of sources. Families and individuals donate used furniture and appliances, and local businesses donate excess inventory like filing cabinets and light fixtures. ReStore also accepts donations as large as warehouses full of home improvement goods, which might otherwise go to a liquidator.
When an importer or warehouse owner is re-configuring supply chains or closing their business, options may look limited. One route is to sell off the goods at a discount to a liquidator. This is less than ideal, as a liquidator may pay just pennies on the dollar for high-quality items. A great solution is donating to ReStore for a tax write-off. By donating, the total value of the goods can be written-off of taxable income for your business. The potential savings here are likely even greater than what a liquidator would pay. As an approved nonprofit, ReStore can provide the necessary paperwork to claim the value of the donation. However, donors are responsible for completing the necessary tax forms to take advantage of their tax write-off.
In January, Habitat for Humanity dedicated the first phase of our Central Commons development in Fremont, a few miles away from Royola Pacific’s warehouse. The development will provide a safe and affordable place for 11 families to call home. Projects like Central Commons would not be possible if it were not for the generosity of our donors.
View these quick links* for more information:
* Please talk to a tax professional about specific tax-related questions. The Habitat for Humanity ReStore is not providing tax advice.
