First of all, try using the new FundSvcs search feature at FundSvcs.org.
It's even better than Google :-).
The answer is "it depends." It depends on what the card can be used for.
But personally, is it really worth the time and effort of your staff to
record a $10 gift card from Subway? Subway is going to treat the donation
(probably) as a marketing/promotional thing and not be looking for a
receipt.
But to answer your question, if the card can be exchanged for merchandise
or has a cash-redemption value, it probably can be counted as a gift. If
it represents a service or partial interest, than not.
John
John H. Taylor
Principal, John H. Taylor Consulting
2604 Sevier St.
Durham, NC 27705
johntaylorconsulting@gmail.com
919.816.5903 (cell/text)
Serving the Advancement Community Since 1987
On Mon, Feb 25, 2019 at 4:07 PM Harvey Summers <
ksummers@atsu.edu> wrote:
> I searched the archives using Google search and am not finding exactly
> what I need. I know I have seen this but as I stated earlier, cannot find
> it.
>
> Could gift cards, donated by the store the gift card is for, be considered
> a gift in kind? I thought I remembered something about they had to have a
> cash value in order to be a GIK. I could be wrong. I am getting older. LOL
>
> To be exact we have a simulation lab competition between our students. The
> students are wanting to solicit local businesses for small amount gift
> cards. The students want to use the gift cards as prizes for the winners in
> the competition.
>
> If there are other considerations that I am not thinking of, please feel
> free to let me know.
>
> K. Harvey Summers
> Gift Income Coordinator
> A.T. Still University of Health Sciences
> 800 W Jefferson
> Kirksville MO 63501
> Phone: 660-626-2511
> Toll Free: 866-626-2878 x2180
>