Donation
/ˌdoʊˈneɪʃən/
Definitions
- (n.) A voluntary transfer of property or funds made without consideration, usually to a charitable organization or individual.
She made a donation to the local food bank to support their efforts.
- (n.) A gift of property made during a donor’s lifetime, distinct from a bequest by will.
The donation of shares to the university increased its endowment.
Related terms
See also
Commentary
In legal drafting, carefully distinguish donations from contracts to avoid implying consideration; donations typically involve gratuitous transfers with specific tax and regulatory implications.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.