Donations are something like charities, but are given to a particular establishment or to a particular cause that is not essentially a non-profit organization. These donations are meant for educational establishments and even for profit organizations to show support for the cause. Donations are accepted political parties to help them fund their run for the white house. Unlike charities, which are given for causes which are in dire need of money, donations are given to causes which are not is such dire need but do accept money as a way for people to show their support for their party, organization or even an educational establishments. Donations can be cast, land, services, goods such as toys, food, vehicles or something as such. Donations can also be meant for emergency services and
Donations do not enjoy the same tax excemption that are enjoyed by charities. They are charged as chargeable income by the income tax department. There are no special privileges enjoyed by donation accepting organizations and other such establishments. The money obtained from donations is treated as accumulated income and will have the same tax charges. Any organization can accept donations without the pretext of assisting any other cause. They need no special permission from the government since they are treated as gifts in the form of money. Even a land gifted to an organization is treated as donations on which the organization can build its manufacturing unit, university. These
donations help organizations expand and assist the organizations in need. Donations similar to charities should not be expected to be returned and are given without any return consideration. They are covered under the civil law jurisdictions and require extra formalities. Donations to charities are also accepted and are eligible for tax return. But donations to non-profit organizations do not come under tax deductions.