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A donation receipt serves as documentation for cash or property donations made to a charitable cause or organization. It is essential for organizations and individual taxpayers to provide proof of charitable contributions for tax deductions and write-offs. The video explains key information regarding donation receipts, including their content and where to find an official template. A donation is defined as a gift to a charitable entity, and according to the IRS, contributions to non-profit groups and funds are usually tax-deductible, unlike donations to political campaigns or civic organizations. Types of donations mentioned include those made to charitable organizations, religious entities, and educational institutions.
