A vendor/company is offering to donate the following for an event associated with our university. We seek confirmation/opinions on what would fall under Gift In Kind.
Vendor wants to donate:
- Food / Beverage – Gift in Kind
- Use of Linens and China – We think this falls under equipment rental as GIK
- Vendor's event planning team – We think this is NOT a gift in kind as it seems like a service
- Waiver of the rental fee for the space – The vendor has an exclusive contract with the physical space as manager of the events held within. The space is not owned by the vendor. The rental rate of $40K includes the space, two private security staff, two restroom porters and post-event cleaning. – Is any part of the donated fee waiver considered GIK?
Thank you for any feedback!
------------------------------
Rhonda Miller
The George Washington University
rkmiller@gwu.edu------------------------------