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#2215034 - 06/05/19 06:22 PM CD Donation- Used Computers
COMPL101TX Offline
Member
Joined: Apr 2018
Posts: 72
Hello,

We are exploring the idea of donating used computers to non-profits that already qualify for CRA CD credit. Has someone done that before that could provide some input? We are thinking of trying to get credit for the value of the computer, if possible. But because of the effort needed to wipe the hard drives, we want to ensure that credit is actually possible. We are examined by the FDIC.

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CRA
#2215041 - 06/05/19 06:43 PM Re: CD Donation- Used Computers COMPL101TX
Norman Paperman Offline
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Norman Paperman
Joined: Aug 2012
Posts: 1,631
48.934476, -114.343735
I'm an FDIC bank and have gotten credit for this. Write it up, have IT assign a reasonable fair value for the computers (likely very low) and that's it. I wouldn't try to get credit for man-hours of wiping the hard-drives since that is going to happen anyway.
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Maybe you just wanna fly the plane yourself. Well good luck pressing take off, then auto pilot, then land.


CRCM

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#2215047 - 06/05/19 07:08 PM Re: CD Donation- Used Computers COMPL101TX
CompliantOkie Offline
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CompliantOkie
Joined: Dec 2013
Posts: 417
OOOOOOklahoma
Agree with Norman. We're an OCC bank and got donation credit for giving computers to a lmi school.

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#2215112 - 06/06/19 03:14 PM Re: CD Donation- Used Computers COMPL101TX
COMPL101TX Offline
Member
Joined: Apr 2018
Posts: 72
Thank you both!

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#2215113 - 06/06/19 03:14 PM Re: CD Donation- Used Computers COMPL101TX
COMPL101TX Offline
Member
Joined: Apr 2018
Posts: 72
Thank you both!

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#2215114 - 06/06/19 03:14 PM Re: CD Donation- Used Computers COMPL101TX
COMPL101TX Offline
Member
Joined: Apr 2018
Posts: 72
Thank you both!

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#2215239 - 06/07/19 04:02 PM Re: CD Donation- Used Computers COMPL101TX
Tennismom Offline
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Tennismom
Joined: Jan 2004
Posts: 762
FDIC - We have obtained credit for in-kind donations in the past.

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#2215240 - 06/07/19 04:04 PM Re: CD Donation- Used Computers COMPL101TX
Tennismom Offline
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Tennismom
Joined: Jan 2004
Posts: 762
The examiners accepting at fair market value.

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