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During tax season, providing a prompt and accessible 501(c)(3) donation receipt is crucial for building lasting donor relationships and ensuring IRS compliance. Such receipts acknowledge that a legal donation was made to a registered tax-exempt organization, allowing donors to reduce their taxable income. It's vital to send these receipts within 24 to 48 hours of receiving a donation, especially for amounts over $250. Additionally, if donors receive goods or services in exchange for their contributions, proper acknowledgment through a receipt is necessary to maintain transparency and trust. Following these best practices enhances the donor experience and supports the smooth operation of the organization.