Definition of «charitable donations»

Charitable donations refer to gifts or contributions made by individuals, organizations or companies to a charity, non-profit organization or cause. These donations are usually given voluntarily and with no expectation of receiving anything in return. Charitable donations can take many forms such as cash, stocks, property, or even services rendered. The main purpose of these donations is to support the work of charities and help them carry out their missions, which may include providing aid to those in need, protecting the environment, promoting education or advancing medical research among others. Charitable donations are an essential source of funding for many organizations that rely on public generosity to continue their operations.

Phrases with «charitable donations»

Sentences with «charitable donations»

  • It's critical to keep each tax receipt proving you made charitable donations for tax deductions. (gobankingrates.com)
  • Local governments also could be authorized to trade tax credits for charitable donations as a substitute for some local property tax payments. (newsday.com)
  • So what you might want to do is make a whole bunch of charitable donations in one year. (purefinancial.com)
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