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GIK Pledges

  • 1.  GIK Pledges

    Posted 06-30-2021 08:28 AM
    Gifts-in-kind are donated property, and so our assumption is that a donor can make a pledge of a GIK that the organization can book like other pledges involving donated property, like for instance, appreciated securities. 

    We typically book GIK after taking possession of the items, but if donor provides a pledge to donate GIK in the future, that is OK to book, yes?


    Tom Yates
    Temple University
    Executive Director of Gift Planning

  • 2.  RE: GIK Pledges

    Posted 06-30-2021 08:49 AM

    We do have a few of these. In consultation with Central Finance, we tag them as conditional to suppress them from balance sheet receivable reports. Often, these GIK may be large.




    Aaron Forrest CPA

    Senior Director Gift and Donor Services

    University of Rochester Office of Advancement

    Larry and Cindy Bloch Alumni and Advancement Center

    300 East River Road

    Rochester NY 14627

    Office 585.275.2799 / Fax 585-273-4558



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  • 3.  RE: GIK Pledges

    Posted 06-30-2021 08:59 AM
    Well, Tom, it depends.  Technically nothing stops you from recording a bonafide GIK pledge.  The question is whether your CFO will want to book that pledge.

    As these pledges cannot guarantee a value for the property at a future time, your CFO might not want to record anything on the GL.  Or, they may want you to record it as a conditional pledge.

    And, depending on what you plan to do with the property when you receive it will impact your CFO's opinion.  If the property is to be retained for a related purpose, they might agree to book the pledge.  However, if the property is being given exclusively to be sold, they probably do not want to book a pledge.

    So, it is best to coordinate this activity with your CFO!


    John H. Taylor
    John H. Taylor Consulting, LLC
    2604 Sevier St.
    Durham, NC   27705
    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987

  • 4.  RE: GIK Pledges

    Posted 06-30-2021 09:19 AM
    Thanks John and Aaron.  Yes, I am in fundraising parlance mode as usual, and am using "book" as synonymous with "record," but the hope is simply to record for annual IA totals as a conditional gift intention and not pass it through to the GL.  Thanks again!

    Tom Yates
    Temple University
    Executive Director of Gift Planning