Donations

Definition

Donations refer to cash and gifts in kind given by a physical or legal entity. Donations can be in the form of cash and in kind donations. Cash donations refer to gifted money, payment checks or other monetary equivalents. Gifts in kind refer to donations in goods, services or other items such as supplies. Donations can be conditional or unconditional. Conditional donations are limited by conditions imposed by the donor. Unconditional donations refer to a gift which has no concrete purpose, given to an organization or institution to help them realise their mission.

Source definition

UNESCO Institute for Statistics