The IRS allows for tax-deductible donations to non-profits of valuable items such as stock or artwork. Is there precedent for tax-deductible donations of valuable data? For example, if a package delivery company donated its data on traffic and location patterns to an urban planning non-profit, could the company claim a deduction?
The formula for determining the value would actually likely be:
the fair market value less any gain that would have been realized if the property had been sold at its fair market value on the date of the donation.
Yes it can and the tax deduction is for the value it cost you. Unless you are giving up all rights to the data, this would be zero. If you are transferring all rights (i.e. you will never use it again) it would be the market value of the data.