Honorarium is a payment as a “thank you” or gesture of goodwill and appreciation which should be nominal in value for voluntary services.  Honoraria is not appropriate when obtaining the services of a professional speaker or consultant who performs the requested service for a living.  An honorarium is not based on an agreed to amount between the individuals providing the services and the College. If payment is agreed upon, this constitutes a contractual arrangement and is considered a fee for services.