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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]
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.
A donation is a gift for charity, humanitarian aid, or to benefit a cause. A donation may take various forms, including money, alms, services, or goods such as clothing, toys, food, or vehicles. A donation may satisfy medical needs such as blood or organs for transplant. Charitable donations of goods or services are also called gifts in kind. [1]
In 2013 In Kind Direct was the founding member of a new charity, In Kind Direct International (IKDI). IKDI was established to set up a network of charities from a growing number of countries, all distributing donated surplus new goods from donors to charities, not for profit organisations, associations and social enterprises.
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