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A donation receipt records details of cash or property donations made to individuals, causes, or organizations. It serves as proof for individuals and organizations to claim tax deductions for charitable contributions. This video covers essential information about donation receipts, including what constitutes a donation. A donation is defined as a gift (cash or property) to a charitable cause, organization, or campaign. Contributions to non-profit groups are typically tax deductible, while donations to political campaigns or civic organizations are not. The video also highlights various types of donations, including those to charitable organizations, religious groups, and educational institutions. Additionally, it provides information on obtaining an official donation receipt template.
