The rules regarding donations in Louisiana, as in most states, depend on the type and amount of donation a person would like to make. Political donations, for instance, are subject to different laws and limits that wouldn't apply if a person were just donating to a non-profit charitable organization. For certain charitable donations of personal property or other items, special paperwork called Act of Donation Forms are often used.Continue Reading
Political campaigns quite frequently have a maximum amount of money that can be accepted from its supporters. According to the National Conference of State Legislatures, states commonly impose limits on campaign contributions, and only a handful of states have few or no laws regarding contribution limits. According to the Conference of State Legislature's chart containing an overview of limits for each state, Louisiana has limits ranging from $5,000 to $60,000, depending on whether the candidate is running for office in the statewide or legislative category.
For individuals wishing to donate cash or items such as real estate, vehicles or stocks, an Act of Donation Form is usually required. According to the Louisiana Law Firm Smith & John, there are some items that can be donated without the Act of Donation Form, but the form is good to have even when not required, as it clearly outlines the donor's name and provides a written record of the original ownership.Learn more about Business & Finance