If you’re soliciting gifts other than unconditional cash gifts, you should put thought and time into a written gift acceptance policy. Making Charitable Gifts to Employees in Times of Need Some businesses want to be able to help their employees in times of need. The gifts you're thinking about giving to your own employees during the holidays need to be handled carefully as well. During the holiday season, thoughts turn to gift giving. . __ Ask your board members about the types of solicitations they routinely receive from the other non-profits they support, and about other requests they receive for matching gifts. According to Eisenhower Carlson, creating and upholding a gift acceptance policy will help your nonprofit in these four ways: maintain discipline, provide education, preserve donor relationships, and instill best practices. It is legal for non-profits to spend dollars on fairly minimal gifts for outgoing officers, for example, or on flowers for the wake of a member. Registered nurses, licensed practical nurses, social workers, home health aides, therapists, associates, client services managers, clinical managers, office support and other employees who have spent less than a week with Bayada will receive $50. It’s easy for a nonprofit organization to maintain its tax exempt status—and can be just as easy to lose it. For example, while PepsiCo doubles the average employee matching gift, they actually triple employees who serve on a nonprofit organization board for up to $10,000 at a 2:1 ratio. Why nonprofit staff should not be asked to donate to the organizations they work for Posted on January 21, 2019 January 22, 2019 by Vu [Image description: A gray-striped cat, their head peeking from unde ra shaggy carpet that is brown, tan, and white. In the last section we talked about the importance of tracking and identifying eligible matching gifts, but we didn’t go into how your nonprofit can track the information. Individual gifts will vary based on each employee’s lifetime earnings with the company. Things like that. work over 40 hours in a work week, be aware that the nonprofit may owe those employees overtime compensation. They essentially double a single donation to your nonprofit. Ellis advises nonprofit and socially responsible businesses on corporate, tax, and fundraising regulations nationwide. The ham would be considered a nontaxable de minims fringe benefit and would not need to be reported on the employees' W-2 forms. With different giving guidelines and restrictions for every company, short of manually checking every donation, there is no simple way to identify a matching gift. Participants are eligible to match up to $5,000 (maximum) each year. Our Annual Report always listed the companies that matched employees’ gifts made to our organization, and I’m sure that you can find the same kind of information in other such publications. A $100 gift card to a Many employers choose this joyous season to recognize and celebrate with their employees. Matching gifts are a type of corporate giving program. If a nonprofit wants to pay a volunteer, the amount must be nominal. One respondent said the workplace policy doesn’t allow acceptance of “any gift, gratuity, favor, service, compensation, discount, special treatment or anything of monetary value from any supplier, vendor, or any individual or organization doing business with our company. Nonprofit Issues ® , Inc. P.O. This program allows the employee to nominate a nonprofit … Since 1939, DWD has delivered a full range of accounting, tax and financial management services to meet the needs of individual, business and nonprofit clients. Ellis also advises donors with regard to major gifts. If employees (or even retirees) serve on a nonprofit board, they could receive higher matching ratios or limits on their matching gifts. 71% of surveyed employees say it is imperative or very important to work where culture is supportive of giving and volunteering. Materials prepared by Nonprofit Issues ® contained in these pages is copyrighted by Nonprofit Issues®, Inc., 2009-2021.