• Your Community Awaits

    Gift in Kind

    Posted by Angelica on February 26, 2026 at 11:28 am

    I’m wondering whether any of you take materiality into consideration when determining whether to record Gifts‑in‑Kind in your general ledger for financial statement presentation purposes.

    Callum replied 6 days, 1 hour ago 4 Members · 5 Replies
  • 5 Replies

  • Megan

    Member
    February 26, 2026 at 11:43 am

    My rule of thumb is if it’s something the nonprofit would otherwise have needed to purchase, it should be recorded. Whether that’s 1000 pounds of potatoes for a food shelf or a pound of coffee for the break room.

    What specifically are you on the fence about?

    • Angelica

      Member
      February 26, 2026 at 11:46 am

      They are GIK for the use in events and the Foundation hasn’t historically recorded them.

  • Callum

    Member
    July 27, 2026 at 11:05 am

    Great question, Angelica. We absolutely use materiality as our guide. If that donated software or pro bono service would matter to a board member or donor, it goes in. If not, we track it internally and move on. Saves so much headache.

    What is your threshold for deciding what is “material” enough?

  • Angelica

    Member
    February 26, 2026 at 3:46 pm

    Thank you!

Start of Discussion
0 of 0 replies June 2018
Now

Report

Contains abusive or derogatory content
Contains mature or sensitive content
Contains misleading or false information
Contains spam, fake content or potential malware
Harassment or bullying behavior

Block Member?

Please confirm you want to block this member.

You will no longer be able to:

  • See blocked member's posts
  • Mention this member in posts
  • Invite this member to groups
  • Message this member
  • Add this member as a connection

Please note: This action will also remove this member from your connections and send a report to the site admin. Please allow a few minutes for this process to complete.

Report

You have already reported this .

On October 8, 2025, Join Us for a National Town Hall on the Financial State of the Nonprofit Sector

Nonprofit GPS is a new, action-based community designed to help nonprofits navigate today’s disrupted revenue landscape. Built in consultation with organizations nationwide, it focuses on the real financial challenges nonprofits face — business model risks, capital management, budgeting, governance, and more. Together, we’ll share practical strategies and highlight bright spots of practice that strengthen missions, even in the most disruptive times.

At this event you will hear: an analysis of the current economic landscape for nonprofits and the implications for practice; what array of critical new resources will be offered by Nonprofit GPS over the next three months and beyond; and how to become involved as a practice leader in this community.
Register here today!

Join a space designed to foster support, inclusivity, and respect for every voice.

Ask questions, share experiences, and connect with peers and experts who value your insights. Your contribution is invaluable - forum members bring a wealth of knowledge and experience, crucial for mutual growth and learning. We cherish your expertise and would love to have you enrich our forum! Let's build together, learn together, and support one another.
Visit the Forum!