Booster Club Gift Card Policy: Approval, Tracking, and Sponsor Stewardship Safeguards
A booster club gift card policy is a written governance document that defines when gift cards may be purchased with organizational funds, who must approve each purchase, what tracking records are required for every card issued, and how distributions are documented to satisfy IRS requirements. Because gift cards are cash equivalents—redeemable for value with no inherent restriction on use—they carry the same documentation burden as petty cash disbursements and cannot be governed by the same informal approvals that cover ordinary supply purchases.
Read More
