A non-cash contribution of goods, services, or time given to a nonprofit instead of money.
An in-kind donation is a gift of goods or services rather than cash. Examples include donated supplies, equipment, professional services such as legal or design work, auction items, or the use of space. Volunteer time is also a form of in-kind support, though it is recorded differently from donated goods and services.
Nonprofits generally record in-kind gifts at their fair market value for internal tracking and financial statements. The rules for whether and how a donor can deduct an in-kind gift, and what documentation is required, depend on the type and value of the gift, so donors should consult their own tax advisor.
A clear gift acceptance policy helps organizations decide which in-kind gifts to accept, since some donated items can carry storage, maintenance, or liability costs that exceed their value.
See it in Kindly
The price an item or service would sell for between a willing buyer and seller in an open market.
A board-approved set of guidelines defining which gifts a nonprofit will and will not accept, and under what terms.
A written thank-you and receipt a nonprofit sends a donor to recognize a gift and document it.
The coordination of recruiting, scheduling, tracking, and engaging an organization's volunteers.
Manage donors, volunteers, members, and events together in one nonprofit platform, for one predictable subscription with no cut taken from donations.
