![]() This creates a better relationship in the future. But the donor must have a written document from the nonprofit organization before claiming for their charitable contribution on their federal tax returns.Īcknowledgment: The donor feels his/her efforts have been acknowledged by the nonprofit. Tax returns: The IRS allows donors to claim a tax deduction on their federal tax return. It lets them know and confirm that their donation was received and accepted. It also helps in keeping track of their financial usage.Ĭommunication tool: A donation receipt also works as a communication tool as it gives the donor feedback on their donation. The donor requires to have a financial record of his/her donations. Recordkeeping: This is the most basic reason why a donor will require a nonprofit receipt. ![]() Reasons Why Receipts are Compulsory? For the donor’s side ![]()
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