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:
“Powerful, yes, that is the word that I constantly rolled on my tongue, I dreamed of absolute power, the kind that forces others to kneel, that forces the enemy to capitulate, finally converting him, and the more the enemy is blind, cruel, sure of himself, buried in his conviction, the more his admission proclaims the royalty of he who has brought on his defeat.”
—Albert Camus (1913–1960)