IRS allows vacation time to be donated for Katrina relief - Sep. 8, 2005

IRS allows vacation time to be donated for Katrina relief - Sep. 8, 2005: "Donate vacation time for Katrina relief
IRS launches new program where employees trade in days and companies make cash donations, tax free.
September 8, 2005: 3:38 PM EDT

NEW YORK (CNN/Money) - The Internal Revenue Service announced a program Thursday where employees across the country can trade in their sick or vacation days in exchange for cash to help victims of Hurricane Katrina.

Under the program, employees can donate their sick, vacation or personal days back to their company, according to an IRS statement."