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Man donates Kmart inventory to charity

May 18, 2012 at 5:20 PM   |   Comments

WINCHESTER, Ky., May 18 (UPI) -- A Kentucky businessman who purchased a closing Kmart store's entire inventory and donated it to charity said he hopes the deed inspires others to do good.

Rankin Paynter, the owner of a Winchester firm that buys up surplus goods, said he decided to purchase the closing store's entire inventory -- valued at about $200,000 -- upon learning the store would allow it on the last day of business and he soon decided to donate all of the merchandise to Clark County Community Services, a charity serving low and middle income families in the area, ABC News reported Friday.

"I told my wife, I can make $30,000 or $40,000 on this deal but let's give it to charity," Paynter said.

"It makes me feel good [to give to charity]," Paynter said. "I come from real poor background. I'm talking really poor."

Paynter said he hopes the attention his donation is receiving will inspire others to give to charity.

"[Hopefully] people are going to realize now that needy families are out there and people need help," he said. "Things are bad out there."

Clark County Community Services said the goods will be distributed later this year.

"This will be the first time we will have enough coats and gloves for everybody," said Judy Crowe, director of the non-profit organization.

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