The Gist of Giving Gift Cards

Originally published on November 19, 2024

Gift cards might seem like a simple, thoughtful way to show appreciation or provide support. But for nonprofit organizations, they come with unique challenges and potential compliance risks. In this video, we break down the important considerations nonprofit professionals need to keep in mind when giving gift cards to employees, volunteers, and program participants. 💳

We’ll cover: ✔️ Tax implications for employees
✔️ Department of Labor concerns with volunteers
✔️ Compliance risks with program participants
✔️ Practical steps to safeguard your nonprofit from fraud and misuse
✔️ How to create a clear, comprehensive gift card policy

Whether you’re looking to thank your team for their hard work, support your volunteers, or help program participants, it’s crucial to understand the guidelines surrounding gift card distribution in a nonprofit setting. Get the insights you need to make informed, compliant choices this holiday season! 🎉

Watch now to learn best practices for a seamless, stress-free holiday season!

#NonprofitManagement #GiftCards #HolidayGiving #NonprofitCompliance #NonprofitFinance #VolunteerManagement #NonprofitBestPractices #GiftPolicy

For more insights and expert advice on nonprofit financial management, subscribe to our channel and hit the notification bell!

LIKE THIS ON YOUTUBE
**************************************************************
🔴 Subscribe: http://bit.ly/40P3sR2
👟 Kickin’ It With Corinne Playlist: https://bit.ly/3tGGJLr

MORE NONPROFIT ACCOUNTING TOPICS LIKE THIS ONE
**************************************************************
🌎 James Moore Nonprofit CPAs and Advisors: https://www.jmco.com/industries/nonprofit/
🤝 Nonprofit Accounting Articles on JMCO.com: https://www.jmco.com/articles/nonprofit/

SOCIALIZE WITH US!
***************************************************************
⁠📹 YouTube: https://www.youtube.com/@JamesMooreAndCo
💼 LinkedIn: https://www.linkedin.com/company/james-moore-and-co
🖒 Facebook: https://www.facebook.com/JamesMooreAndCo
🐦 Twitter: https://twitter.com/JamesMooreAndCo