in-kind gifts
Donated goods, not money
In-kind gifts are donations of goods or services rather than money.
A company might provide in-kind gifts of office furniture, a caterer might donate meals, or a lawyer might offer free legal work.
The charity received in-kind gifts worth over fifty thousand dollars.
Tax treatment of in-kind gifts differs from cash donations.
- donationsGifts to organizations
- contributionsThings given to help
- charitable givingDonating to help others
- tax deductionPermitted income reduction
- fair market valueObjective exchange price
goods · services · pro bono · charity · nonprofit · food bank · volunteers · sponsorship · tangible · trade · exchange · materials · supplies · equipment · philanthropy · generosity · support · resources
- charitable givingdonation, donations, contribution, contributions, offering
- campaign financedonations, donation, contributions, contribution, donors
- nonprofit accounting501(c)(3), tax-exempt, tax exemption, charitable giving, donor-advised funds
in-kind giftscash donations
Money given voluntarily
financial contributions · wire transfers · liquid assets · checks · direct deposits
in-kind giftspurchases
Goods obtained for money
commercial transactions · sales · fee-for-service · barter · exchanges