Fellow small business owners - ‘tis the season!!
How do you handle all of the donation requests you receive from community members?!? We get soooo mannnny. Especially this time of year…. ✨We are all about giving back to our community but I need a better system!✨
🟢Do you follow a quarterly giving budget?
🟢Have donation request forms to fill out?
<< I saw someone on Instagram suggest adding a question “when was the last time you made a purchase with us?” to a donation request. LOVED that.
🟢Are there specific groups/benefits that you will or won’t donate to?
I would love to hear how others have this set up!
Hey there @GFC25th. These are definitely questions that all business owners need to think about. We are entering our thirteenth year in business and have some informal guidelines.
We prefer to donate gift cards in most cases. Most of what we are asked to donate to are raffles, or thank-you gifts for group volunteers, etc. In those cases, a $50 gift certificate only costs us the cost of whatever is purchased, and we still get the entire face value of the gift certificate as a deduction. Our film festival donation is an exception as that is a cash donation. We try to limit ourselves to one other full cash donation a year, if at all possible.
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