Academy
Donation Management
Understanding In-Kind Donations
Donation Management
2
min read

Understanding In-Kind Donations

Dan Kimball
Published on
May 25, 2016
Collapse

Understanding In-Kind Donations

Dan Kimball
Published on
May 25, 2016
Expand Video

What Are In-Kind Donations?

An in-kind donation or gift is when someone makes a contribution to your nonprofit or church that’s not cash or stock. For example, in-kind donations could be goods or services, or even an expertise.

The advantage of in-kind donations for your nonprofit or church is you could potentially save a lot of money by receiving goods and services for items you would otherwise have to pay for. So they help organizations save money and function within their budgets, and in some cases, donors receive a tax write-off.

What are Some Examples of In-Kind Donations?

Examples of in-kind goods include:

  • Furniture
  • Office space
  • Computers, software, or other technology

Examples of in-kind services include:

  • Legal advice
  • Accounting
  • Volunteering

Keep in mind, if you are receiving in-kind donations in the form of property or live animals, there are certain laws and forms required. Some of them can be complicated, so it’s important to research the rules before accepting those two forms of donations in kind.

What are donations in kind?

Also, it’s important to set a policy or rules for your organization for what you are and aren’t willing to accept as donations in kind. If not, you may end up with items you aren’t able to use.

If you enjoyed this Aplos Short, check out the rest of our Aplos Short videos.

Collapse
Expand Video

Heading 1

Heading 2

Heading 3

Heading 4

Heading 5
Heading 6

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

Block quote

Ordered list

  1. Item 1
  2. Item 2
  3. Item 3

Unordered list

  • Item A
  • Item B
  • Item C

Text link

Bold text

Emphasis

Superscript

Subscript

Dan Kimball
Aplos Accounting free 15-day trial
We'll manage your finances so you can focus on your mission
Try It For Free