The term in kind (or in-kind) generally refers to goods, services, and transactions not involving money or not measured in monetary terms. It is a part of many spheres, mainly economics, finance, but also politics, work career, food, health and others. There are many different types of in kind actions throughout the mentioned branches, which can be identified and distinguished. In-kind contributions An in-kind contribution is a non-cash contribution of goods or a service. Those are either offered free or at less than usual charge for them. Similarly, when a person or entity pays for services on the committee’s behalf, the payment is also considered as an in-kind contribution. In-kind services and contributions are valued at their fair market value or at their actual cost. In other words, they are valued at what you would pay for them if they were not donated. There are two types of receivers of in-kind contributions: individuals and companies. For individuals, the provider of in-kind contributions is either another person or government. But for companies, those are partners or an external organisation. Examples voluntary labour (for example, painting work) donated goods (for example, kitchen equipment) donated services (for example, professional advice from an architect) free use of equipment (for example, usage of cars or tools) Voluntary workers should be entered under the staff costs budget line. General rules for in-kind contributions for companies The partners must not have paid for the works, goods, services or land claimed as a contribution. It is not allowable to purchase works, goods services or land with the intention of using them to implement the project of a company and then to “donate” them as an in-kind contribution,. The value of the contribution claimed must not exceed the normal market costs, and the rationale for the value given in the claim must be capable of being verified. For example, where a project receives the donation of a vehicle, it would be expected that prices for vehicles of a similar model, age, and condition would be sourced for comparison. Calculation of the value of in kind contributions Voluntary labour is calculated at the minimum hourly wage for the country the voluntary workers are working in. An individual's time should be valued at what the organization would pay someone to perform the work if it were not performed by a volunteer. Donated goods at the price you would pay for them