In the process of knowing about the donation receipt templates in detail, it is helpful to know the definitions of donation, receipt and template separately. The process of donation involves three aspects namely donor, donee and the contribution made without any consideration. A receipt is an activity of acknowledging in writing the value of the contribution received. A template is a format prepared with requisite parameters from which a new document can be derived and used for maintaining uniformity of layout and design. With these three definitions, it makes great sense to anybody to know about the usage of donation receipt templates.
A donation is a contribution made in cash or kind, for a charitable use. A donor is a person or firm making a donation. A donee is a person or firm accepting the donation. These templates can be downloaded and used with or without customization and also can be prepared by the user. As the process of donation does not involve any consideration, the donation receipt involves certain formalities and prescribed contents to be included. A donation can be official or unofficial, and the form of receipt may vary accordingly.
A donation makes the donor, eligible to claim exemption from payment of tax, where degree of such exemption corresponds with the value of the donation and varies as per the law prevailing in various countries. A donation receipt includes the value of donation, date of receipt, mode of payment, name and address of the donor and the donee. An official donation receipt shall be numbered and shall display the amount eligible to claim exemption from tax or the tax rebate, in other words. The templates of donation receipts are of help in accounting process where a track of record can be maintained as the donations are strictly meant to be used only for such purpose for which it is received.
