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Gifts in kind

 
Hoover's Profile: Gifts in Kind International
Contact Information
Gifts in Kind International
333 N. Fairfax St.
Alexandria, VA 22314
VA Tel. 703-836-2121
Fax 703-549-1481

Type: Private - Partnership
On the web: http://www.giftsinkind.org
Employees: 30

Gifts in Kind International helps companies find ways to be kind. The not-for-profit organization accepts gifts of products and services from corporate clients and distributes these donations to more than 150,000 community charities in the US and globally that directly help communities and people in need. About half of the FORTUNE 100 makes contributions through Gifts in Kind International, which has certified more than 200,000 charities as potential recipients. Gifts in Kind International began operating in 1983 when 3M donated $12 million in new office equipment. The organization is known for its cost-efficiency, as more than 99% of its donations go directly to communities.

Key numbers for fiscal year ending December, 2008:
Sales: $388.9M

Officers:
VP Operations: Cindy Schmidlin
CFO: Mary Ann Kibler
VP Nonprofit Development: Judy Mercadal Ewing

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Wikipedia: Gifts in kind
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Gifts in kind (GIK) is a kind of charitable giving in which, instead of giving money to buy needed goods and services, the goods and services themselves are given. The motivations for GIK vary, but include:

  • Concern for the environment -- Many donated goods are either second hand or otherwise surplus. If not donated to people who need them, they might otherwise end up in a landfill.
  • Relief -- During disasters and other humanitarian crises, companies and individuals often want to help. Giving goods that are already at hand is more cost effective for the donor than giving money to buy these same goods.
  • Development -- Helping with longer term development in impoverished or otherwise distressed areas is a high priority for governments and large NGOs. GIK can be a significant component of a larger humanitarian development strategy.

GIK has several advantages over monetary giving:

  • Donated goods are much less susceptible to becoming graft.
  • The goods themselves would otherwise often end up as landfill. GIK provides a means, particularly for corporations, of doing social good with things that would otherwise be a liability.

In the last few years, a great deal of attention has been given in the humanitarian community to GIK. Organisations like Gifts In Kind International and GlobalHand have been established to help people who have things to donate find qualified recipients who need them.

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Hoover's Profile. ©2008 Hoover's, Inc. All rights reserved.  Read more
Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Gifts in kind" Read more