In-kind contributions include materials, equipment or services that are given without charge to the program or organization. These items should not be included in the budget of cash revenues and cash expenditures submitted with proposals to the Foundation. However, in-kind contributions should be noted in the project budget narrative. The final accounting on the grant must report against the approved budget submitted with the proposal and the actual cumulative expenditures since the start of the grant. In order to determine if all sources of funds were disbursed, actual cash expenditures are compared with actual cash revenues received; in-kind contributions are excluded from this calculation in determining if a refund is due to the Foundation.