Gift-In-Kind Law and Legal Definition
A gift-in-kind means a gift of anything other than cash. It means the gift of goods, services, and property, other than cash. It includes inventory, capital property, donations of real estate, stocks and bonds, and personal items. Such gifts are often made for charitable purposes. A gift of property involves the passing of title to another; made with the intent to pass title; and without receiving money or valuable consideration in return.
