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A donation is a gift for charity, humanitarian aid, or to benefit a cause. A donation may take various forms, including money, alms, services, or goods such as clothing, toys, food, or vehicles. A donation may satisfy medical needs such as blood or organs for transplant. Charitable donations of goods or services are also called gifts in kind. [1]
Gifts in kind, also referred to as in-kind donations, is a kind of charitable giving in which, instead of giving money to buy needed goods and services, the goods and services themselves are given. Gifts in kind are distinguished from gifts of cash or stock .
In philanthropic giving, foundations and corporations often give money to non-profit entities in the form of a matching gift. [2] Corporate matches often take the form of employee matching gifts, which means that if an employee donates to a nonprofit, the employee's corporation will donate money to the same nonprofit according to a predetermined match ratio (usually 1:1).
For monetary donations, save bank and debit/credit card statements along with any receipts from the organizations that show dates, amounts donated and names of the organizations. If donations are ...
Door to door fundraising frequently involves a hand-held collection box. Fundraising or fund-raising is the process of seeking and gathering voluntary financial contributions by engaging individuals, businesses, charitable foundations, or governmental agencies.
This includes monetary donations and aid given to nonprofit organizations and communities. Donations are made in areas such as the arts, education, housing, health, social welfare, and the environment, among others, but excluding political contributions and commercial event sponsorship. [41]
In absolute terms, this translated to an average donation of $453 from an average income of $10,531, compared to $3,326 from an income of $158,388. [15] Research also indicates that "individuals who are religious are more likely to give money to charitable organizations" and tend to give more than those who are not religious. [16]
Small dollar donations are defined according to United States campaign finance law as contributions to a candidate's political campaign or a political action committee which are between $1 and $200. [ 1 ] [ 2 ]