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Veterans Day is coming this Saturday, and it's a great time to show veterans or active duty personnel how much you appreciate what they do.
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Gifts in kind, also referred to as in-kind donations, is a kind of charitable giving in which, instead of giving money to buy needed goods and services, the goods and services themselves are given. Gifts in kind are distinguished from gifts of cash or stock. Some types of gifts in kind are appropriate, but others are not. [1]
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Good360 has distributed more than $14 billion in donated goods around the world. As a result of the COVID-19 pandemic, Good360 helped distribute over $175 million in donations to its network of nonprofits to help impacted communities across the country. [3]
An in-kind contribution is a non-cash contribution of goods or a service. Those are either offered free or at less than usual charge for them. [2] Similarly, when a person or entity pays for services on the committee’s behalf, the payment is also considered as an in-kind contribution.
Indeed, some offers of aid have distorted the general spirit of volunteering, treating local voluntary action as contributions in kind, i.e., existing conditions requiring the modification of local people's behavior in order for them to earn the right to donors' charity. This can be seen as patronizing and offensive to the recipients because ...