A new client, Southwest Grocers, is a calendar year C corporation that owns and operates a chain of grocery stores. Southwest Grocers is interested in donating food inventory to one or more charitable organizations that will use the food as part of their exempt purpose (e.g., a food bank or homeless shelter). In some cases, the donated items may consist of dented canned food and fungible food items (e.g., baked goods) nearing their freshness expiration dates. Inedible food or food past its expiration date would not be included in any donation. Prepare an outline detailing the information you would provide to Southwest Grocers regarding charitable contributions of food inventory. Make sure to include support for the content of your outline. Partial list of research aids:

§ 170(e)(3).

Reg. § 1.170A–4A.

Lucky Stores, Inc., 105 T.C. 420 (1995).