Gifts-in-Kind¶

Gift-in-Kind¶

A Gift-in-Kind is a donation of goods or services. It is anything that it not cash. These types of donations can be entered in TouchPoint in a Contribution Batch and will display in a special section on a person’s contribution statement. Your church should decide its policy about which Gifts-in-Kind you want to record in TouchPoint. Some churches may prefer to track in TouchPoint only those donations that will be converted into cash, such as gifts of stock or other items that will be sold and the cash deposited into a specific fund.

Two Types of Gifts-in-Kind

In addition to the Gift-In-Kind Contribution Type, TouchPoint also has a Contribution Type of Stock, which is also displayed in the Gift-in-Kind section of the statement. When you use the Stock type, you can enter a dollar amount and put the number of shares in the Note field. However, the amount does not display on the donor’s statement, but can be used to offset a pledge.

You can use Gift-in-Kind type to record gifts such as a car that the church might keep and later give away, or services rendered for which the church did not pay.

You can use Stock type to record a gift of stock after you sell it. This allows you to record the dollar amount as well as the description of the shares of stock when you have the check to deposit in the bank.

Record Gifts-in-Kind¶

Here is an example of the Gift-in-Kind section of a giving statement with stock gifts recorded the 2 different ways.

Here is what those gifts look like on the person’s record in the database. The Gift-in-Kind has no dollar amount, but the Stock gift does, but it does not display on the statement.

Tip

If churches receive a number of donor-directed or foundational gifts, they probably record these as non-tax-deductible gifts and want those Non-Tax-Deductible gifts to print on contribution statements. Therefore, they may prefer recording stock donations as a Stock type, instead of a Gift-in-Kind type, so that the donation will only appear one time on the statement, (in the Gift-in-Kind section), but will apply toward a pledge.

Churches that do not print Non-Tax-Deductible gifts on their contribution statements may prefer to record stock as both a Gift-in-Kind type (which will print on the statement, but does not have a dollar amount), and as a Non-Tax-Deductible gift in order for the dollar amount to apply toward a pledge. Because these churches do not print Non-Tax-Deductible gifts on statements, the gift will appear only once on the statement.

Below is a sample of how the Gift-in-Kind section appears on a donor’s Contribution Statement. Notice that it is above the Period Summary and contains the Contribution Date, the Fund and the Description (from the Notes section in a batch contribution).