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A donation receipt provides essential details about a cash or property donation made to a charitable cause or organization. It serves as proof of a charitable contribution for tax deductions and write-offs, beneficial for both organizations and individual taxpayers. The video outlines vital information on donation receipts, their content, and where to find an official template. A donation is described as a gift, in cash or property, to a charitable organization or campaign, typically qualifying as tax-deductible. The IRS recognizes contributions to non-profit groups but excludes donations to political campaigns or civic groups. Common types of donations include those made to charitable organizations, religious groups, and educational institutions.