cub185 10 Posted February 23, 2005 Share Posted February 23, 2005 do you know of any company that will give a computer to cub scouts. Link to post Share on other sites
Eamonn 61 Posted February 23, 2005 Share Posted February 23, 2005 I don't know of any company that has a policy of donating computers to youth groups. Very often what happens is that when a parent or some other friend of the pack works for a company that is up-grading their computers, they will donate them. Of course a pack not being a charity means there is no tax advantage to donating to a pack. Eamonn(This message has been edited by Eamonn)(This message has been edited by Eamonn) Link to post Share on other sites
frank10 12 Posted February 23, 2005 Share Posted February 23, 2005 Eamonn, If the computer is used, the company has already writen off all it's value (three years I think- any CPA's out there?)... Point is since it has $0 value, there is no farther tax credit no matter who you give it to. Link to post Share on other sites
Eamonn 61 Posted February 23, 2005 Share Posted February 23, 2005 wingnut, You may well be right, I think I depreciated our restaurant equipment over a longer time. We do a a board member who donates used copiers and the like, some are almost new, but being as he is donating them to the Council he can use the tax advantages. None of which exist when donating to a unit. Even if the stuff was brand spanking new. Eamonn. Link to post Share on other sites
scoutldr 738 Posted February 23, 2005 Share Posted February 23, 2005 Legally, the donation would be to the CO, which could then use the item for the Scouting program. If the CO is a qualifying charitable organization, you then get a tax deduction. Scout units are not legal entities and have no Tax ID number. Link to post Share on other sites
SemperParatus 1 Posted February 23, 2005 Share Posted February 23, 2005 Well Wingnut, as you can guess the tax depreciation rules are rather complex. Computers have a class life of 6 years, resulting in a depreciable life under the Modified Accelerated Cost Recovery System of 5 years. Of course, as you know for Alternative Minimum Tax purposes, the depreciable life would be 6 years using a straight line depreciation method. Now, if the computer was acquired over the past two years, bonus depreciation rules could apply such that an additional 30% or 50% could be claimed in the year of acquisition, further accelerating the write-off. Likewise, assuming less than $400K of equipment acquisitions for a year, a company may avail themselves of the IRC section 179 expensing that would make it possible to deduct the cost of the computer all in the first year. Any questions?(This message has been edited by SemperParatus) Link to post Share on other sites
Eamonn 61 Posted February 23, 2005 Share Posted February 23, 2005 God Bless good old IRC section 179!!! Hey SemperParatus, Can I claim a deduction for Rory? He is providing or maybe will provide security? He is eating a heck of a lot and we started Puppy School today. $40.00 an hour. Heck I'm in the wrong business!! Eamonn He is still cheaper to keep than the big footed monster that lives in one of our bedrooms, playing that dreadful Country and Western sound seeping out!! Link to post Share on other sites
SemperParatus 1 Posted February 23, 2005 Share Posted February 23, 2005 You could depreciate Rory...but you would have to put him out to stud. That way, everybody wins. Especially Rory! Link to post Share on other sites
EagleInKY 14 Posted February 23, 2005 Share Posted February 23, 2005 I agree with the prior posters - You're better off finding a family member who is either upgrading at home, or at their small company. Most large companies pay for services to come and reclaim their computers. They wipe off the hard drives and usually just use them for parts. And, it's true that the unit are not supposed to accept donations. The CO can. That's a fine line, but worth noting. Link to post Share on other sites
anarchist 10 Posted February 23, 2005 Share Posted February 23, 2005 Not knowing where you are is tough to know what organizations are around... If you just need something for data spread sheets, light word prcessing etc. you could contact any large company and ask for assistance ( what is your CO? Tax exempt?). Local police sometimes have systems 'recovered' but not claimed that a local family can pick up in a police sale for next to nothing and donate to the CO or just 'lend' it to the Pack... Check with local computer stores for trade ins...who knows...let the whole community know what you need...never hurts to ask... Link to post Share on other sites
packsaddle 753 Posted February 23, 2005 Share Posted February 23, 2005 "playing that dreadful Country and Western sound seeping out!!" Bite your tongue, Eamonn. You should savor the pleasant privilege of being able to listen to both kinds of music at the same time, Country AND Western. What kind of computer is needed anyway? Maybe I can dump one on you..oops, I mean donate one to the worthy cause. Link to post Share on other sites
nldscout 18 Posted February 23, 2005 Share Posted February 23, 2005 The General Services administration and the Department of Defense has a program to donate older computers to Schools and educational NON-Profits. Its called computers for learning. Our council has received many computers and I have helped 1 other council get into the program. After the council has satisfied it requirements they can start passing them down to units according to the priorities they sat Link to post Share on other sites
red feather 10 Posted February 24, 2005 Share Posted February 24, 2005 Semper, sometimes you are scary! yis Link to post Share on other sites
packsaddle 753 Posted February 24, 2005 Share Posted February 24, 2005 I do hope that Rory is something alive. Perhaps canine? Link to post Share on other sites
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