Donation

A donation is a voluntary transfer of cash or assets to a non-profit organization, which can be either for the use of funds or assets or for their eventual liquidation. Donations can be for the overall purpose of a charity or restricted to a particular project or activity. Donations can be made by individuals, companies, or foundations. They are typically given without expectation of direct return or material benefit to the donor, aside from the potential tax benefits associated with charitable giving and the satisfaction derived from contributing to a cause. The donation is considered a type of gift but differs from a simple gift between individuals by virtue of its being given to a formal, charitable or public benefit organization.

Donation meaning with examples

• The museum gratefully accepted a generous donation of rare artifacts from a private collector, significantly enhancing its historical exhibits and attracting a wider audience.
• The local food bank relies heavily on public donations of non-perishable goods to provide essential meals for families struggling with food insecurity, especially during holiday seasons.
• Many employees chose to set up regular payroll donations to the United Way, allowing them to contribute to various local charities through small, manageable deductions.
• Following the natural disaster, numerous organizations and individuals mobilized, providing donations of money, supplies, and time to support the victims and rebuilding efforts.