Corporations and foundations can provide in-kind charitable grant contributions in lieu of or in addition to monetary donations. In-kind, or non-cash, donations can be goods, services or the labor of people assigned to assist a nonprofit organization. Donors determine the value of these contributions by assessing a monetary value for the outright donation or loan over a specified period.
Examples of Goods
Goods can include computers, computer software, office equipment and meeting spaces. Depending on what the nonprofit organization needs, goods can include wheelchairs and wheelchair ramps or new shoes and nonperishable foods.
Examples of Services
Donated services can include website hosting, transportation, printing services, technical support and membership on your nonprofit’s board of directors. Nonprofit foundations can donate nonprofit training services.
Individual People Time
Volunteers can donate their time and corporations can “loan” their paid employees to assist a nonprofit for a specified period. For example, a business can send a lawyer or accountant on the company payroll to help a nonprofit at no charge to the charity for a week or longer.
Acknowledging the Donation
Determining the fair market value of an in-kind donation is the responsibility of the donor for bookkeeping or tax purposes, according to the Raise-Funds website. However, a recipient's acknowledgement can include how much it would have cost to hire a person or pay the retail price for donated goods or services.
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