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A donation receipt provides documentation for cash or property donations made to a charitable cause or organization. It serves as proof of charitable contributions, which can be used by organizations and individual taxpayers for tax deductions and write-offs. The video reviews important information regarding donation receipts, including what constitutes a donation: a gift of cash or property to a charitable organization, campaign, or non-profit group, as recognized by the IRS. These contributions are generally tax-deductible, while donations to political campaigns or civic groups are not. Examples of common donation types include contributions to charitable organizations, religious institutions, and educational funds.
