Donation receipt form is a common used legal document that charity and non-profit organization have to deal with on a regular basis. It is very important to the charity to be familiar with donation receipt format so that charity can draft it correctly and donors get valid donation receipts when they contribute.
No matter how good the intention of a non-profit organization is, but if something is wrong with their financial accounting this can lead the members to argue with each other and can lead the public to mistrust them. Organizations need to make sure that they will provide a clean record when it comes to how much the organization is receiving. The members have to make sure that the financial donations are recorded to provide transparency both for the donors and the members.
To avoid this dilemma, it would be best to create a donation receipt, create it in Microsoft Word format and then to download in order to create a non-profit based donation receipt.
How to create a donation receipt
The donation receipt has to be precise and has to state the function and use of the donation. It should also clearly state that the donation is tax deductible so that the donors will be enticed to provide more. This process simply means that the donor will be able to deduct the amount of the donation from the taxable income, which means that they will be able to reduce their tax including their tax rate.
Free donation receipt form
In order to help the charity and non-profit organization create donation receipts quickly and accurately, we provide a free donation receipt form. The donation receipt form is ready-to-use Word document template and can be customized based on the nature of the organization and the requirements.
The donation receipt template features details regarding the project, a section for the name and complete address of the donor. This ensures that the donor can use the donation receipt for tax-deductible purposes. The donation receipt also provides a space for the signature of the donor and the person who is in charge to monitor the receipts.