Charitable donations tend to be tax-deductible for the particular donor plus reportable by the specific nonprofit organization, therefore a donation receipt needs to have precise information concerning the exact value of the donation as well as what the donor got in return. It is easy to make a donation receipt by hand as well as on your computer. This article will tell you how to.
You need to firstly choose the form of the receipt. You can make it in the form of a letter, a postcard, something that one can fill in them by hand. It just needs to have the proper information. It is important to write the name of your particular charity. You also need to state that you are precisely a non-profit entity. The donor’s name has to be on the receipt. In this way it becomes valid. You have to write the date of the donation plus how much was given. The donation may not be in cash, if so, and then write a description of what it was.
It is also important to specify if the donor got something for the donation. This is essential as only the amount which is higher than the goods or services will be regarded as tax deductible. More information needs to be included for vehicles that are more than $500. If you sold the vehicle then you will have to state that on the receipt, if not, then you will have to tell what you are going to use it for. Include a disclosure statement if it is required.
The receipt needs to be signed precisely from someone who is in the organization. You need to keep a copy of this receipt. You can find donation receipt templates online and the one given here.
Download your file below.
Donation Receipt template
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