Recording a grant that is in-kind

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Janna Bailey
Janna Bailey ✭
Ninth Anniversary
in Blackbaud Raiser's Edge NXT®: General Discussion
My organization was recently awarded a vehicle from a grant through a federal/state grant.  While it is an in-kind gift, it has a value assigned to it in the contract we signed with with the state.  I know you can assign value when recording an in-kind gift, but we do not usually do that. It doesn't fit under any of our other funds because those are all based on monetary gifts.   How would you record it?



 
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  • JoAnn Strommen
    JoAnn Strommen ✭✭✭✭✭
    Ancient Membership Facilitator 4 Name Dropper Photogenic
    We would record it as a GIK.  Value could be entered in amount field or reference if you want to keep amount at $0. 



    Just a note, any fund can have a GIK.  Use of GIK is not restricted to a certain fund by RE but by your org policies.  We have several funds where we do enter GIK, and like you, many others that are $ only.

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