Gift Purchases

Type

Procedure

Category

Finance

Department

College Finance

Phone

(541) 463-5608

Primary Contact

Greg Holmes

Contact Email

Responsible Executive Authority

Chief Financial Officer

Purpose

The purpose of this procedure is to assure that the College remains compliant in reporting de minimis fringe benefits with the IRS.

Narrative

Gifts officially presented by the college to college employees, students, and others to recognize certain personal occasions that arise (retirements, serious illness/injuries, deaths, special awards, etc.) may be purchased only from non-tax generated funds. Employee gifts or awards must first be approved by the College president or the president's appointee.

This policy does not preclude the purchase of a gift by departmental employees or individuals who may wish to make personal contributions for a gift to be presented.

Date Adopted

Saturday, May 1, 1999

Date Last Reviewed

Tuesday, May 13, 2014