Thank you to all our readers. We wish you a very happy holiday season!

Here are just a few tips on giving thanks:

1. Make sure your “thank you” receipts to donors are in the form they need to take a deduction.
2. If you make commitments when giving thanks, make sure you honor them.
3. If you give substantial gifts when giving thanks, understand whether you’ll reduce the amount of a donor’s charitable contribution deduction or cause a recipient to recognize taxable income.
4. If you give holiday bonuses to executives, consider whether the board should approve the total compensation, including the bonus, pursuant to the rebuttable presumption of reasonableness procedures.
5. Thank your donors, volunteers, employees, suppliers, and supporters throughout the year.