Gifts in kind
Encyclopedia : G : GI : GIF : Gifts in kind
Gifts in kind (GIK) 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. GIK has several advantages over monetary giving:
- Donated goods are much less susceptible to becoming graft.
- The goods themselves would often end up as landfill. GIK provides a means, particularly for corporations, of doing social good with things that would otherwise be a liability.
See also
- Corporate social responsibility
From Wikipedia, the Free Encyclopedia. Original article here. Support Wikipedia by contributing or donating.
All text is available under the terms of the GNU Free Documentation License See Wikipedia Copyrights for details.
