I've heard this said concerning a parent fund at my school. What does it mean?
2006-08-26 17:36:45 · 4 answers · asked by Anonymous in Education & Reference ➔ Financial Aid
the reason i ask this is because they had a list of parents who donated money, and next to only two parents names there was an asterik and it said "gift in kind". How is this any different from the other donations? Is it bigger or something?
2006-08-26 17:44:06 · update #1
A gift in kind is a gift of something material (chairs, desks, a schoolbus, a building) instead of MONEY.
2006-08-26 17:44:50 · answer #1 · answered by urbancoyote 7 · 1⤊ 0⤋
Donating your expertise or time or an item but not charging for it.
For example, we have a friend who is a jeweler. When he donates something for a fundraiser, he doesn't charge for it-- that is a "gift in kind".
Or if an accountant balances the books as a donation, but doesn't charge for it-- its a "gift in kind".
Hope that helped!
2006-08-27 00:43:53 · answer #2 · answered by Lisa the Pooh 7 · 2⤊ 0⤋
It simply means a gift. A donation.
2006-08-27 00:42:24 · answer #3 · answered by Justsyd 7 · 0⤊ 1⤋
Gift in kind is a cash gift or a cash donation
2006-08-27 23:14:25 · answer #4 · answered by imhm2004 5 · 0⤊ 1⤋