Gift for Severance Pay

by Andrew
(Murfreesboro, TN)

We have let a staff member go (nothing really bad, he just wasn't a good fit). We wanted to give him a small severance package, but we could not afford it. A friend of the church (not a particular friend of the employee) has volunteered to fund his severance package. I think this contribution should be deductible, because he is funding a legitimate expense of the church and there is no particular relationship between the donor and the employee.

Comments for Gift for Severance Pay

Click here to add your own comments

Aug 16, 2014
Gift for severance pay. . .
by: Lewis in NC

And. . . what do others think? Is there a policy on severance pay for the church, or is this setting new precedence? Has the governing body spoken?

Aug 18, 2014
gifts
by: Anonymous

all gift's designated to an individual are not deductible, if they give to the church and the committee votes to give then it would be.. but there needs to be a written policy for giving gifts...
prayers

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Earmarked Contributions.



Need training on how to use QBO or Aplos effectively for a church or better yet ...need an expert in either of those accounting software to do your monthly bookkeeping and/or payroll? See more on our accounting services!





Recommended Resource!

Online classes/courses on how to use QuickBooks Desktop and QB Online for a church! 

Click here for more details!

Use coupon code "FCA" for 10% discount!