Information about Gifts-in-Kind

Posted on 02.19.13

Nonprofit organizations receive a variety of cash and noncash donations from the public. The recognition and measurement requirements related to noncash contributions are generally similar to those for cash contributions. That is, noncash items are measured at fair value and recognized as contributions when received. There are, however, accounting issues specific to certain types of noncash contributions, including gifts-in-kind.  Information About Gifts-in-Kind

The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.

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