An in-kind contribution is a non-monetary input from the beneficiary into the project which, subject to certain conditions, can be counted towards co-financing or eligible expenditure. It typically takes the form of providing land or a property, providing equipment or material free of charge, or unpaid volunteer work. Since no payment takes place with such an input, the rules place emphasis on its valuation: the value must be determined independently and verifiably, for example through an expert valuation for a property or the usual hourly rate for comparable work on the market. An in-kind contribution must also not exceed the share set by the call, and no cash can ever be paid out to the beneficiary from it – it only reduces the amount the beneficiary must contribute to the project themselves. Supporting documentation is also needed, and for volunteering, a volunteer activity agreement and a record of hours worked.
See also: Project co-financing, Eligible expenditure.
