what is an in kind donation

An in-kind donation is a type of charitable giving in which goods or services are given instead of money. In-kind donations are non-monetary donations made to nonprofit organizations and can be contributed by individuals or other organizations and companies. They can include the transfer of any asset, usually goods or services, and can be incredibly important for the advancement of a nonprofit strategy. In-kind donations can be more flexible and adaptable than monetary donations, and they provide cost savings, expand services, foster community engagement, and offer flexibility in meeting an organizations operational requirements. Examples of in-kind donations include equipment, books, cars, clothing, office equipment, furniture, food, and supplies. In-kind donations can be anything thats donated to a nonprofit, other than cash, and can be donated by an individual, other nonprofit organizations, or companies. However, sometimes in-kind donations may not be useful for a nonprofit, and they may receive donations they simply cant use. In-kind donation letters are a popular fundraising tool used to reach prospective donors and ask for donations.