Gifts-in-kind: Reporting contributions of nonfinancial assets
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Gifts-in-kind: Reporting contributions of nonfinancial assets

1 year ago · 10 min read

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Since the standards for recognizing contributions at their fair value were issued in 1993, NFPs have been challenged to measure the value of the myriad contributions they receive. This controversial area is once again being addressed by watchdog agencies and state attorneys general and, thus, is one that NFPs should navigate with care.

Determining the fair value of cash and marketable securities is typically straightforward, but for most nonfinancial assets (for example, food, supplies, used clothing and household items, intangibles,

Download the Gifts-in-kind valuation flowchart

File name: gik-flowchart.pdf

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