National Association for the Exchange of Industrial Resources - Equipment Donations Program [02411]
Synopsis: The sponsor locates and channels donations of equipment and materials to educational and other nonprofit service organizations. Products are distributed annually to recipient groups, each of which receives an average gift of $18,000 per year in new, free merchandise, including items for clients, and items for building maintenance/remodeling, client education/training, and general organization use.
Objectives: The sponsor collects and distributes donations of inventory from manufacturers, wholesalers, and retailers to schools and nonprofit organizations. Organizations which become members must agree to use the merchandise received through the sponsor in accordance with IRC section 170(e)(3), which states that the merchandise must be used for the care of the ill, needy or minors and cannot be bartered, traded or sold. The merchandise can be given directly to the qualifying individuals an organization serves or used in the administration of the organization.