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Brownfield
Charities, Inc. (BCI)
Brownfield Charities, inc.
is a 501(c)(3) corporation designed to combat community deterioration, while
donating all net proceeds to charities.
Using BCI
to contribute your used industrial assets (including used equipment, or abandoned or underutilized property)
to charity creates an
impressive win-win-win situation.
You Win:
Your donation of industrial assets is a legal tax deduction, deductible to the fullest
extent of the law. (see your accountant for details on how this may help
your tax situation.)
BCI Wins: Brownfield
Charities receives your donation of used equipment and resells it, with the
proceeds going towards various charities. Donations of real estate are
either redeveloped and used for a
charitable use or resold to raise money for the charities.
The community wins:
When abandoned or underutilized property is donated, the community is rid of a "Brownfield problem" and
the charities
receive the benefit of the excess funds when the property is sold or donated to
a worthy cause. When used equipment is sold, the proceeds also go toward
the charities.
Intent: It is the intent of
Brownfield Charities to accept most real estate, even those properties that do
not meet present day environmental standards. It is also their intent to
apply for state & federal funds to bring these donated properties up to or
exceed state & federal guidelines. Brownfield Charities also intends to accept used equipment that has value and that can be resold to
raise money for charitable purposes.
Frequently
Asked Questions:
- What is a Brownfield property?
A "Brownfield" by definition is an abandoned and/or
underutilized property with real or perceived environmental contamination.
- What will Brownfield Charities Inc. (BCI) do with my
donated real estate?
Depending on real estate size and conditions, Brownfield charities may;
1.) Sell the property as is,
2.) Conduct environmental clean up activities and reuse the property for a
similar usage or
3.) Conduct environmental clean up activities and redevelop the property for
a greater commercial or industrial usage.
- What will Brownfield Charities Inc. (BCI) do with my
donated used industrial equipment?
Used industrial equipment is resold to raise money for charitable
purposes.
- How does BCI fund real estate projects?
Brownfield Charities utilizes existing grants, low-interest loans and
some of the proceeds from properties redeveloped and sold.
- Why shouldn't I donate my real estate directly to a
local charity?
Most charities are not comfortable accepting commercial or industrial
property because of the unknown environmental risks associated with property
ownership. Brownfield Charities is networked with leading attorneys
and environmental consultants knowledgeable with the environmental matters
involved with Brownfield properties.
- Why shouldn't I donate my used equipment directly to a
local charity?
Most charities are not set-up to handle used industrial equipment and
are not comfortable accepting industrial equipment because of the unknown risks associated with
equipment ownership. Brownfield Charities was specifically designed to
handle used industrial equipment, and works closely with organizations
designed to dispose of used industrial assets. Brownfield Charities is
also networked with leading attorneys
and environmental consultants knowledgeable with the environmental matters
involved with industrial assets.
- Who donates properties to Brownfield Charities?
Corporations, non-profit organizations, municipalities and private
owners can all benefit by working with Brownfield Charities.
Organizations and individuals subject to federal and state income taxes
receive a tax benefit. Non-profit organizations and municipalities can
receive the benefit of the donation without taking on the legal risks.
- Will Brownfield charities accept any donation of real
estate?
No. Some properties may be too environmentally contaminated to be reused under current
environmental standards. Please check with the president, Tony Staub
to see if your property meets the qualifications.
- Will Brownfield charities accept any donation of used
equipment?
No. Brownfield charities only accepts equipment that has value and
which has the potential to be resold. Also, some equipment maybe too environmentally contaminated to be reused under current
environmental standards. Please check with the president, Tony Staub
to see if your used equipment meets the qualifications.
- How do I donate my property or used equipment?
First, contact Tony Staub of Brownfield charities at brownfieldcharities@factorynetwork.com.
Please include the following information:
o A
brief description and the location of your property or equipment that you
wish to donate.
o The estimated value of the property or equipment (if
available).
o Your contact information including: phone, fax, &
company address.
Mr. Staub will review
your information and contact you regarding the property or equipment.
If your donation is accepted, he will prepare the necessary paperwork to properly document
your donation for tax purposes.
- More questions?
If you have additional questions, please contact Tony Staub of Brownfield charities at brownfieldcharities@factorynetwork.com.
The President, Tony Staub, has volunteered and served as a
Board member for many charities and non-profit organizations. He has
assisted charities with guidance in overall project management, construction
matters, lease agreements, bond financing and environmental matters.
Mr. Staub recently completed a $14,000,000
redevelopment project for a non-profit organization ensuring a
steady source of funding for the organization's future needs.
