Donations
/ˌdoʊˈneɪʃənz/
Definitions
- (n.) Voluntary transfers of property or money to another party, typically without compensation, often for charitable or legal purposes.
The nonprofit organization relies heavily on donations from the public.
- (n.) Gifts of money or property recognized under law as gratuitous transfers, sometimes subject to specific tax rules or conditions.
The donations made to the foundation were tax-deductible.
Related terms
See also
Commentary
Donations are typically distinguished by their voluntary, gratuitous nature and may have specialized treatment under tax and property law.
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.