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Get the free Nonprofit In-Kind Donations: Best Practices for Impact

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CONNECT. ENGAGE. GIVE. GiftsInKind Policy Purpose: To standardize a process for receiving all giftsinkind so that the donor understands the process and gifts are accepted to further the mission of
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Nonprofit in-kind donations refer to non-cash contributions made to a nonprofit organization, which can include goods, services, or volunteer time, rather than monetary donations.
Nonprofit organizations that receive in-kind donations are generally required to report these contributions on their financial statements and tax filings to ensure transparency and compliance with IRS regulations.
To fill out nonprofit in-kind donations, organizations should keep detailed records of the donations received, including descriptions, values, donor information, and the date they were received, and include this information in their financial reports and IRS Form 990.
The purpose of nonprofit in-kind donations is to provide essential resources and support to nonprofits without a cash transaction, enabling them to fulfill their missions while also providing tax benefits to the donors.
Nonprofits must report the fair market value of in-kind donations received, descriptions of the items or services, the name of the donor, and the date of the donation on their financial statements and IRS Form 990.
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