Cincinnati Computer Reuse is a nonprofit organization. We can take the guesswork out of the computer donation process by offering easy to understand and useful information. Below we have written the most common questions we have answered over the years relating to computer donations and how you can take advantage of a tax deduction. Cincinnati Computer Reuse accepts a wide variety of computer equipment and will refurbish or reuse hardware whenever possible. Older computer equipment will be recycled with (R2) partners and according to our “No landfill” policy. Simply stated, your newer equipment is refurbished and benefits the community, your older equipment is recycled and financially supports our mission.
What are the tax benefits to individuals donating used computer equipment to a non-profit?
Individuals who donate used computer equipment to a non-profit organization can enjoy several tax benefits:
- Fair Market Value Deduction: Individuals can generally deduct the fair market value of the donated computer equipment. This is the retail value of the item in its current condition.
- Tax Deduction for the Year of Donation: The deduction is typically claimed for the year in which the non-profit organization receives the equipment.
- Shipping Costs: Shipping and transportation costs associated with the donation can also be tax-deductible.
- Reducing E-Waste: Donating used computers helps reduce electronic waste, which is beneficial for the environment.
- Supporting Charitable Causes: Donations support various charitable programs, including educational initiatives and community support for low-income families.
To ensure compliance with IRS rules and maximize the tax benefits, it's important to keep a written record of the donation and obtain a receipt from the non-profit organization. Consulting with a tax advisor is also recommended to navigate the specific requirements and maximize your deduction. By law, Cincinnati Computer cannot provide a stated value of your system.
What are the tax benefits to CORPORATIONS DONATING USED COMPUTERS TO A NON-PROFIT?
When corporations donate used computers to a non-profit organization, they can benefit from several tax advantages:
- Tax Deduction: Corporations can generally deduct the undepreciated value of the donated computer equipment. This means they can deduct the amount they originally paid for the equipment, minus any depreciation taken.
- Reduced E-Waste: Donating used computers helps reduce electronic waste, which is beneficial for the environment.
- Supporting Communities: By donating computers, corporations can support educational and charitable programs, helping low-income families and communities.
- Shipping Costs: Warehousing and shipping costs associated with the donation are also tax-deductible under applicable rules and regulations.
- Compliance with IRS Rules: To qualify for the tax deduction, the donated computers must be in usable condition, and the corporation must follow all IRS rules and filing requirements.
It's always a good idea to consult with a tax advisor to ensure compliance with all applicable tax laws and to maximize the benefits of your donation.
Which section of the IRS Tax Code apply to non-profit gifts?
The tax laws pertaining to this are Section 170 of the Federal Income Tax Code, the New Millennium Classrooms Act, and the 21st Century Classrooms Act. Business donors can deduct the un-depreciated value of the computer, and individuals can deduct the current market value of a computer.
The tax receipt that we provide will have your name on it, the name and identifying EIN number of Cincinnati Computer Reuse, you will need to provide the model and type of equipment donated to our volunteers receiving the donation. We are not authorized to appraise the value of the equipment. You are responsible for the determination of the value of your donated equipment.
Can my non-working computers benefit your non-profit?
Yes. Your charitable donation to Cincinnati Computer Reuse may have useful reuseable components a family, school or partner non-profit in the community could utilize. All older or obsolete and non-viable equipment would be recycled, utilizing a “NO landfill” policy in which items are sorted (computers, laptops [with HD’s removed], wires, printers, plastics, metal, and monitors) for achieving the highest price and lowest charge from our (R2) downstream recyclers.
What Types of Computers, Electronics and Gadgets can I Donate?
A rule of thumb you can apply might include any home/office/server computer and attached equipment: PC Desktop computers, laptops, servers, workstations, tablets, notebooks, printers, routers, video game consoles and even VR headsets. The sky is the limit when it comes to donating computers and tech gadgets. We do NOT accept televisions, alarm systems or smoke detectors…just computer equipment. We ask for a $5 donation for monitors and printers to cover downstream charges we are assessed by recyclers.
Is Cincinnati Computer Reuse a registered 501 (c)3?
Cincinnati Computer Reuse is a 501 (c)3 nonprofit charitable organization (EIN# 73-1645747). Your computer equipment donation is tax deductible. CCR has been in business since 2002 under the name of Cincinnati Computer Cooperative. In 2023, our name was changed to Cincinnati Computer Reuse to better identify our purpose.