Recent Posts By Doug, WV Finance

GIK financial standards

In our ongoing series on Gifts-in-kind (GIK), today’s post covers financial topics - what influence overhead calculations have on organizational decisions and what standards of accounting we comply with in valuing donated resources.

The influence of overhead rate calculations on organizational decisions

All donated resources, including GIK, cash contributions, and government grants impact overhead rates. World Vision’s primary reason for acquiring GIK is to meet programmatic needs. Our earlier post about how GIK is a resource aligned within a larger community development program illustrates this. However, as an organization, we must prepare organizational plans to meet all of our obligations and provide balance in our financial portfolio....