[cbr]

Looking at http://www.irs.gov/publications/p542/ar02.html I see:

    Cash contributions:  A corporation must maintain a record
    of any contribution of cash, check, or other monetary
    contribution, regardless of the amount. The record can be
    a bank record, receipt, letter, or other written
    communication from the donee indicating the name of the
    organization, the date of the contribution, and the amount
    of the contribution. Keep the record of the contribution
    with the other corporate records. Do not attach the records
    to the corporation's return. For more information on cash
    contributions, see Publication 526.

So it looks like your small business could make the donation, which would then not be taxed. But I don't really know, you probably should ask a tax lawyer.