Policies around Board Gifts due to resignation or ending term
I'd love to have some input or see existing policies around Gifts for Board Members leaving your Board due to ending a term or a resignation. Do you give a gift? What is the gift? What's appropriate amount to spend? Do they have to serve for a minimum number of years to be eligible?
We give our board members who are going off our board a clock with their name and years of service on a plate on the bottom that says, "Thank you for your gift of time." We spend about $40 on the clock.
I attached a picture for you.
Thanks Teresa. Do you do this for those that don't complete a term? Has that ever happened. Is there a written policy about the gift?
@tbenden, love this! What an appropriate inscription "thank you for your gift of time." Well done!