Tag Archives: Gifts-in-kind

GIK financial standards

Posted on March 1, 2011 by Doug, WV Finance in Conversations

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.......

GIK and development programming

Posted on February 25, 2011 by Carol, WVUS GIK Operations in Conversations

In our ongoing series on Gifts-in-kind (GIK), today’s post covers how GIK resource fits into the broader work of community development programming. Specifically we’ll look at: * Uses of GIK, including as match for grants * Standards for managing GIK * Evaluations of projects with direct provision of goods Uses of GIK World Vision operates in nearly 100 countries with 1,600 development programs and 1,200 sector projects that integrate education, health, economic development, advocacy, microfinance, agriculture, and water and sanitation. Our programs go through intensive assessments and planning, beginning with a country macro-assessment and strategy and continuing with local area assessments, a comprehensive design document, baseline survey, and regular audits and evaluations. These...

The financial costs and benefits of sending a shirt overseas

Posted on February 22, 2011 by Tammy, GIK Finance, and Randall, International Programs in Conversations, Partnerships

In our ongoing series on the topic of Gifts-in-Kind and how that resource fits into the broader work of community development, we recently posted responses to Response to GIK discussion and 100,000 reasons to love the Super Bowl. Continuing that conversation, today’s post covers the questions raised by a number of people, including Saundra Schimmelpfennig and William Easterly, on the financial costs and benefits of shipping shirts and the utility of those shirts to recipients. Specifically we are addressing the following topics: * The cost of getting a shirt to a recipient * The value of a similar shirt in the recipient’s local clothing market compared with the costs for shipping a donated...

Basic overview of World Vision’s strategy and structure and our U.S. GIK operations

Posted on February 18, 2011 by Carol, WVUS GIK Operations in Conversations, Partnerships

This post was written in response to Response to GIK discussion, and 100,000 reasons to love the Super Bowl The intent of this post is to provide a basic overview of World Vision’s strategy and structure and our U.S. GIK operations. Over the following week we will address the following key issues: * The financial costs and benefits of sending GIK overseas. * The use of GIK in development programming. * Evaluations of projects with direct provision of goods, including GIK. * Standards for GIK implementation and accounting, including fair market value calculations * The influence of overhead rate calculations on organizational decisions. ...

Response to GIK discussion

Posted on February 11, 2011 by Amy, WV communications in Conversations, Partnerships

This post was written in response to 100,000 reasons to love the Super Bowl Dear Readers: Well, after spending the past three days talking with World Vision staff in international programs, corporate engagement and gifts-in-kind operations, I can tell you that your criticisms and comments have sparked some good internal discussion within the organization. I would like to provide some additional specifics........