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A donation receipt documents the specifics of a cash or property donation made to a charitable cause or organization. It serves as proof of the contribution for tax deductions and write-offs for both organizations and individual taxpayers. This video will cover essential information about donation receipts, including their contents and where to find an official template. A donation is defined as a gift of cash or property to a charitable organization or cause. Contributions to non-profit groups, institutions, and funds are generally considered charitable donations by the IRS and are often tax-deductible, unlike contributions to political campaigns or civic groups. Examples of donations include contributions to charitable organizations, religious institutions, and educational funds.
