In-kind contributions are donations of goods, services or time — instead of cash.
- Tangible goods include things like equipment, books, cars, clothing, furniture, art, jewelry etc.
- In-kind services are professional services donated by groups such as corporations, small businesses, vendors or tradespeople.
- An in-kind donation involving time occurs when people give their time free of charge or for payment by a third party on the nonprofit's behalf.
- Establishing the value of the in-kind contribution is the responsibility of the donor
Donor Advised Funds
A donor-advised fund is a charitable giving vehicle sponsored by a public charity that allows a donor to make a contribution to that charity, receive an immediate tax deduction and then recommend grants over time to any IRS-qualified public charity.
Corporate Matching Gifts
In some instances, companies may offer a benefit that provides a corporate match on employee or retiree charitable donations. Check with your human resources department to see if your employer offers a matching gift and if your donations may qualify. Thank you and God bless!
