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Gifts in kind, 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. Some types of gifts in kind are appropriate, but others are not. [1]
An in-kind contribution is a non-cash contribution of goods or a service. Those are either offered free or at less than usual charge for them. [2] Similarly, when a person or entity pays for services on the committee’s behalf, the payment is also considered as an in-kind contribution.
Good360 has distributed more than $14 billion in donated goods around the world. As a result of the COVID-19 pandemic, Good360 helped distribute over $175 million in donations to its network of nonprofits to help impacted communities across the country. [3]
The company’s donations are nonpartisan. The Milwaukee 2024 Host Committee is a bipartisan entity that has worked with the city to produce the Republican convention, according to its website.
In philanthropic giving, foundations and corporations often give money to non-profit entities in the form of a matching gift. [2] Corporate matches often take the form of employee matching gifts, which means that if an employee donates to a nonprofit, the employee's corporation will donate money to the same nonprofit according to a predetermined match ratio (usually 1:1).
Operation Backpack: This is a Volunteers of America program that provides backpacks filled with school supplies to students in need. To help out, you can make a monetary donation to help cover costs.
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