Business; Patent Donations Are Novel Corporate Gift - New York Times: "At DuPont, researchers found a way to make a valuable chemical that leaves water as the byproduct instead of tons of acid. At Eastman Chemical, they devised a plastic packaging that could more than double the shelf life of beer and soda. At Procter & Gamble, there were discoveries that could help doctors reduce skin discoloration from burns, wounds and grafts. In each case, the research produced a pile of patents the companies decided they could neither use nor license easily to another business. So this year they used a solution that was pioneered in the mid-1990's and has become increasingly common -- they donated the inventions to universities, hospitals or nonprofit institutions and turned what had been wasting away into multimillion-dollar tax write-offs."
Use this investement to bring tac benefits by donating under section 170 deductions.
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