An individual, a company or organization offers goods (materials such as printing, furniture, equipment, amount equivalent to renting equipment, etc.) or services (legal advice, consultation, book keeping, etc) which has a market value (meaning that one could apply a cost for the service if one had had to pay for it) to a not for profit organization. The in-kind donation may or may not be recognized publicly. Note that APC will only recognize rendered services that are professional in nature and will not reimburse this item within the financial contribution allocation.
A non-cash donation of labor, facilities, supplies or equipment to carry out a project. Typically, skilled and professional labor can be valued at the prevailing rate for the field. Work performed by professional or skilled laborers outside of their field, however, is generally computed at another standard or minimum wage. Volunteers who are not called “skilled†or “professional†also have a value that can be calculated as in-kind. The estimated dollar value of volunteer time is $17.19 per hour for 2003, http://www.independentsector.org/programs/research/volunteer_time.html. There is a growing practice to include the value of volunteers in the audit.
The value of goods and services directly donated to a project, for which no dollars are exchanged. In-kind services must be reported by an estimated cash value amount. This dollar amount must be supported with verifiable documentation.
Describes contributions other than money, usually services, facilities or equipment. See also Matching.
the value assigned to non-cash contributions.
Refers to a contribution of services or items that an organization donates instead of a monetary sum, in order to help support the project (e.g., contributing a staff member's time).
means non-monetary goods or services received by an organization for which a monetary value is assigned but no transfer of funds takes place in return. Examples include non-remunerated personnel (volunteer time), donated professional fees and services, or the use of facilities without charge.
Donations of anything other than cash. This includes items (such as computers) and time (such as volunteer work).
Consisting of other than money. Equipment, materials, or services of recognized values that are offered in lieu of cash.
Contributions or assistance in a form other than money. Equipment, materials, or services of recognized value that are offered in lieu of cash.
Money, equipment, time or other cost that provided by project organizers or host institution. This is similar to “matching funds”.
Non-cash contribution by core partners of resources or full-funded research projects to CRCAH activity
dollar value of non-cash contributions to a project by the grantee or another party other than the funder, which directly benefit a grant (examples: volunteer services, equipment use, facilities, staff time).