Gifts, Gift Card/Certificate & Flower policy
College funds are not to be used for the purchase of gift cards or certificates of any amount, as they may create a taxable event for the employee (TAM-108577-04). This includes students - no gift cards as prizes.
- Gift cards/certificates to employees are now disallowed, because they are considered taxable income to the employee.
- All purchases of flowers for employees (births, funerals) are to be made through the Human Resources Office – not directly by individual offices or departments.
- The gift policy provides guidance on when gifts are appropriate and when they are disallowed.
- The gift policy also provides guidance on using College funds to honor an employee who is leaving the College.
Link to Gift Policy:
http://www.stolaf.edu/offices/treasurer/giftpolicy.htm