Cash

• Checks, credit card payments, wire transfers
• Securities (Stock)

Non-monetary Assets

• Gifts-in-kind examples:
• Inventory
• Real estate
• Equipment
• Gifts-in-kind that can be used or sold should be measured at fair value
• Gifts-in-kind that cannot be used internally or sold have no value and should not be recognized as assets or contributions

Services

• Recognized when the service:
• Requires specialized skills, and
• Is provided by individuals who possess those skills, and
• Typically, would need to be purchased, if not contributed

Pledges

• Promise to give that is an oral or written agreement by a donor to contribute cash or other assets to an entity
• Promises can be either
• Unconditional, recognized at the fair value in the period the promise is received, or
• Conditional, not recognized until the conditions are met