Q:

How do you write a receipt for a donation?

A:

Quick Answer

A receipt for a donation to a qualified organization must include the date of contribution, amount and organization name. Both the charity and the contributor will need proof of donation when filing yearly taxes.

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Full Answer

Additional proof of contribution may be required for donations of $250 or more, including an explanation of any services or items received in exchange for the contribution. If the charitable contribution is property, such as a furniture donation to a shelter, a description must also be included. Property contributions valued at over $5,000 must first be appraised. Charitable contributions can be deducted by filing Form 1040, but only if the contributor itemizes their yearly taxes.

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