Announcing $500 Product Giveaway to 501(c)(3) Charity
Donate with ErosWholesale.com and Celebrate Your Favorite Cause!
As a wholesale distributor that sells and ships bulk goods to companies across the country in need, Eroswholesale.com has garnered a reputation for our excellence in quality products and our ability to provide large quantities of items at significantly low prices. Our motivation is to enable more donations to charities throughout the United States, and so we have taken steps towards making donating easier.
This summer we will be giving away $500 worth of donations to a reputable 501(c)(3) organization. Not only will one deserving charity receive supplies like socks, shirts, and other essential items, but customers who like our Facebook page and comment on our announcement post will be able to choose which charity the donation goes to. The 501(c)(3) charity that receives the most votes will be gifted with our donation.
To vote online today, please visit the ErosWholesale.com Facebook page at https://www.facebook.com/ErosWholesale/. For more information about our company or products, we encourage you to visit our website at https://www.eroswholesale.com/. If you are considering making a personal donation, you can buy cheap backpacks in bulk for a children’s charity online with us.
What is 501(c)(3)?
The Internal Revenue Code (IRC) is a portion of the United States Code, Title 26, which dictates the laws of the country pertaining to income, sales, payroll, estate, gift, and excise taxes. It is commonly referred to as the IRS tax code and is enforced by the Internal Revenue Service. 501(c)(3) is a section of this code that grants federal tax exemption to nonprofit organizations.
What Organizations Qualify Under 501(c)(3)?
A 501(c)(3) organization must either be a public charity, a private foundation, or a private operating foundation. There are other 501(c) organizations that have differing qualifications, but those that fall under the 501(c)(3) category are directed towards non profit charities that we at ErosWholesale.com believe make the most difference. The majority of 501(c)(3) organizations are nonprofit corporations, but corporations, trusts, unincorporated associations, LLCs, and community chests can also qualify.
What is Unique About 501(c)(3)?
Many states allow for state income tax deductibility under this code. It is also common for 501(c)(3) organizations to be eligible for postage discounts and be exempt from sales tax on purchases. Donations are also tax deductible for certain charitable contributions.
Are There Restrictions on 501(c)(3) Organizations’ Activities?
The United States Department of Treasury regulates all 501(c)(3) activities through the Internal Revenue Service, so that we can trust our donation is going towards the cause of your choice. There are many restrictions on the activities and governance of 501(c)(3) organizations. Strict rules are set in place to prevent unfair benefit of any 501(c)(3) officer, director, or individual. Corporate assets cannot be distributed to any officer or private individual as well.
Other restrictions include the limitation of:
- Legislative activities
- Political campaigns
- Endorsement or anti-endorsement of candidates running for public office.
If there is a specific 501(c)(3) organization that you would like us to support through our $500 donation of products, it is important to like the ErosWholesale.com Facebook page and comment which cause you stand by so that it has the best chance to win. While this is a contest, all charities that fall under this category are ones that could benefit from our donation and help a lot of people in the process.
We have worked together with our customers for years contributing to the greater good. If you are looking to buy kids backpacks in bulk to give to children in need, or if you need bulk socks for a women’s shelter, ErosWholesale.com is the wholesale distributor to partner with.