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:
“This man was very clever and quick to learn anything in his line. Our tent was of a kind new to him; but when he had once seen it pitched, it was surprising how quickly he would find and prepare the pole and forked stakes to pitch it with, cutting and placing them right the first time, though I am sure that the majority of white men would have blundered several times.”
—Henry David Thoreau (1817–1862)