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:
““The unities, sir,’ he said, “are a completeness—a kind of universal dovetailedness with regard to place and time—a sort of general oneness, if I may be allowed to use so strong an expression. I take those to be the dramatic unities, so far as I have been enabled to bestow attention upon them, and I have read much upon the subject, and thought much.””
—Charles Dickens (1812–1870)