Donation Receipt – Why Do You Need It?
If you want to organize a charity, you might need donation receipts. However, the format of the receipts can be different from one organization to another. It usually depends on the types of the donations and the location of your organization. But why is a donation receipt is important? Find out the reasons here.
#1. Recording Charitable Contribution
You need to keep in mind that donation receipts are part of written acknowledgements. They provide a proof that a donation is made for the charity. The receipts also record of charitable contributions. They prove the donors that the organization has received their donations. It is also one of the best ways for you to build trusting and long-lasting relationships with your donors.
#2. Reduce Income Tax Levels
By providing a donation receipt, your donors can lower the tax levels of their income for a given year. This is because donors have to write an official confirmation. It is about a claim for a deduction of any monetary gift they made.
Sample of Donation Receipt :
#3. Tracking Donors’ Finance
Donation receipts will make it possible for the donors to use them to track their finances when necessary. By having the receipts, they will find it easy to know where part of their income is allocated.
Donation Receipt | word – download