Definitions for "In-Kind Contributions"
The value of noncash contributions provided by third parties. In-kind contributions may be in the form of charges for real property and equipment or the value of goods and services directly benefiting and specifically identifiable to the project.
Goods or services offered in a form other than cash.
A service or item donated in lieu of dollars to the operation of a funded project; usually given by the grantee or a third party; (e.g., donated equipment or guest speaker's time); should be referenced in budget as a real direct project cost but designated as in-kind; must be auditable with letter of agreement as a minimum paper trail.