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A donation receipt documents the details of cash or property donations made to a cause or organization. It is essential for individuals and organizations as proof of charitable contributions for tax deductions. This video discusses key information about donation receipts, including their content and where to find an official template. A donation is defined as a gift to a charitable organization, nonprofit group, or campaign. The IRS recognizes such contributions as tax deductible, unlike donations to political campaigns or civic groups. The video also highlights common types of donations, including those to charitable organizations, religious entities, educational institutions, and various funds.
