Vacation Donation Policies

It has become a popular trend to arrange for the donation of vacation time to individuals in need, be it employees or for cash value as a donation. If you choose to engage in such a practice, you need to consider a wide variety of issues, including how to deal with compensation variances between the donor(s) and the recipient, as well as the tax implications if you allow for the time to be converted to a cash donation. Another item of note is to be sure only accrued time off is eligible for donation. Overall the message here is to move cautiously.