Gifts in kind (GIK), also referred to as in-kind donations, is a kind of charitable giving in which, instead of giving money to buy needed goods and services, the goods and services themselves are given. Gifts in kind are distinguished from gifts of cash or stock.
While some people have argued for the advantages of gifts in kind over cash gifts, others have argued for the disadvantages of gifts in kind, particularly in the context of disaster relief.
Famous quotes containing the word kind:
“Western hospitality prevails; it is reminiscent of the kind displayed earlier here by a host who said to an unexpected guest, “Stranger, you take the wold skin and the chaw o’ sowbelly—I’ll rough it.””
—Administration in the State of Texa, U.S. public relief program (1935-1943)