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WHAT ARE THE DIFFERENCES BETWEEN IN-KIND AND CASH CONTRIBUTIONS?

April 26, 2017cash contributions differences in-kind

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WHAT ARE THE DIFFERENCES BETWEEN IN-KIND AND CASH CONTRIBUTIONS?

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Expertise, services, facilities, or products are some examples of in-kind contributions. You or your partners may offer secretarial services, meeting facilities, or access to computers or machines such as photocopiers and faxes. You or your partners may also lend staff to work on the project while remaining on your and/or their payroll. If no money is exchanged for the service or resource, it is an in-kind contribution. Your organization or a partner’s organization may make cash contributions to cover project eligible costs. For example, you or your partners may pay a project worker’s salary or a consultant’s fee. If actual dollars are paid for the service or resource, it is a cash contribution.