FUNDSVCS Community – I have some questions for the group regarding gift-in-kind through a financial lens.
At my organization, GIK is treated as a net zero transaction. The revenue from receiving the gift offsets the expense.
1. In your organization, when a GIK is received, where is the expense recorded?
2. Does your organization specifically budget for both Revenue and Expense related to GIK tangible item donations?Thank you.