Donation of vacation time. Marie Smith 12 Sep 2005 09:13 EST

The IRS is allowing employees to forgo their leave in exchange for employer cash payments made before 1/1/07 to benefit  the Hurricane Katrina victims.

My question - Our research assistants are primarily grant funded, and I know that you are not permitted to charge contributions to grants, would this be considered a contribution? Would this be considered a legitimate grant expense or would this be considered a donation?

Thanks for your help.

Marie

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Marie F. Smith, CRA
Manager of Grants Administration
Institute of Ecosystem Studies
PO Box AB, 65 Sharon Turnpike
Millbrook, NY 12545
Phone: 845-677-7600 x202
Fax: 845-677-5976
E-mail: xxxxxx@ecostudies.org
Internet:  http://www.ecostudies.org

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