Charitable Donation
A gift made by an individual or an organization to a nonprofit organization, charity or private foundation. Charitable donations are commonly in the form of cash, but can also take the form of real estate, motor vehicles, appreciated securities, clothing and other assets or services. Investopedia Says:
Charitable donations often represent the primary source of funding for many charitable organizations and nonprofit organizations. In most countries, a charitable donation made by an individual will provide him or her with an income tax deduction. Related Terms:
501(c)
Charitable Remainder Trust
Free Right Of Exchange
Gift
Itemized Deduction
Nonprofit Organization
Philanthropy
Private Foundation
Social Responsibility
Tax Credit |