Additional Tax Incentive
Section 170(e)(3) of the Internal Revenue Code allows corporations an additional tax deduction when they donate their inventory to 501(c)(3) humanitarian relief organizations such as Matthew 25 Ministries. The total deduction equals the donor corporation’s cost of the inventory as shown in their accounting records plus one-half the difference between fair market value of the donated inventory and the donor corporation’s cost. The total deduction cannot exceed twice the cost of the inventory items.
Donor’s cost + 0.5(market value – donor’s cost) = Total Deduction
In response to multiple inquiries, M25M would like to clarify that we do not nor would we ever make any political statements or endorse a particular political candidate.
On Friday, June 13, Matthew 25: Ministries witnessed the amazing impact that one person can have on the lives of others.
In Haiti, where 80% of the population lives on less than $2 a day, the cost of food staples such as rice and beans has gone up 50% in the past year.
is to fulfill Matthew 25:34-40 by providing food, water, clothing, shelter, medical care, and humanitarian supplies to the poor.
M25M is looking for any medical professionals who would like to use their skills to impact the poorest of the poor and disaster victims.
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Check out Matthew 25: Ministries in action at our 132,000 square foot warehouse.
M25M holds a 4-Star rating from Charity Navigator.