The Value of In-Kind Contributions
Everybody likes free stuff, right? Well...maybe. It depends on the stuff. If I were to give you the choice: a free new car or a free mud pie, which one would you choose? What if I never offered you the car, just the mud pie? Would that seem like an awesome gift to you? Maybe if you’re three. But as a nonprofit leader, what are you going to do with a mud pie? Ok, so all of that is me being silly and playing devil’s advocate, but how many of you have given consideration to the value of in-kind contributions offered to your organization? Not the stated monetary value of the item; the value of that item to YOU. When is a gift not a gift? In consideration of the in-kind contributions you’re being offered, ask yourself (or your board if you need additional input): Is the service or item you’re being offered of benefit to your organization? Is this something you would have sought out and paid for even if it hadn’t been offered? Is this something you know exactly what to do with, or will it ta...