Hello - I've read through various posts on gift cards, but haven't found exactly what I need. We are a public university with a 501(c)(3) foundation that accepts charitable donations. We just learned today that a donor contacted the president's office before the holidays and donated 20 AMEX cards to be given to students in need; the gift cards were sent to the Dean of Students office for distribution.
As the foundation did not solicit nor receive the gift cards, I don't think we can record/count as a GIK: am I correct? Since this donor is a major gift prospect, we intend to have his gift officer send a letter of thanks, not mentioning any value for the gift cards.
Thanks so much!
Jeannie Patch
------------------------------
Jean Patch
Senior Director, Advancement Services
Salem State University
jpatch@salemstate.edu------------------------------