Donation Receipt Template
A donation receipt is given to a donor that proves their contribution for tax authorities. A copy is required to be saved by the donor for a period of three (3) years if the amount is over $250 (P. 526). Tax Deductible – A donation is only tax-deductible if given to a registered 501(c)(3) organization.
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Are Donations Tax Deductible?
Yes, a donation is tax deductible if it’s given to a 501(c)(3) organization. This includes most popular non-profit organizations. For example, money given to political organizations are not tax-deductible.