Gifts in kind

Encyclopedia : G : GI : GIF : Gifts in kind

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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.

In the last few years, a great deal of attention has been given in the humanitarian community to GIK. Organisations like [GlobalHand] have been established to help people who have things to donate find qualified recipients who need them.

See also

• Corporate social responsibility

 

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