Tag: donation

  • What Is The Difference Between Donation And Contribution?

    The IRS considers in-kind donations as a contribution, and the value of the donation is usually considered to be the market value. Only donations to registered 501 non-profit organizations can be deducted. Expenses incurred for the provision of the service are also tax deductible. The lifeblood of some sustainable nonprofits is securing monetary donations, but…