Charity and Donation

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					                Charity and Donations
Donations are given without profit consideration. This lack of return
consideration means that, in common law, an agreement to make a
donation is an "imperfect contract void for want of consideration."Only
when the donation is actually developed does it acquire legislative
status as a transfer or property. In civil law jurisdictions, on the
contrary, donations are valid contracts, though they may require some
extra formalities, such as being done in writing.

In politics, the law of some countries may prohibit or restrict the extent
to which elected official may accept presents or donations of large
sums of money, predominantly from business or lobby groups (see
campaign finance). Donations to charities are also regularly tax
deductible. Because this limits the state's tax income, calls have been
raised that the state (and the public in general) should pay more
attention towards ensuring that charities actually use this 'tax money'
in suitable ways. In nations where there are limits imposed on the
freedom of goodliness of the testator, there are usually similar
restrictions on donations. The person or institution giving a gift is called
the donor, and the person or institution getting the gift is called the
donee. In India, donations for charitable purposes are eligible for tax
exemptions. It is possible to donate in the name of a third party,
making a gift in honor or in memory of someone or something. Gifts in
honor or memory of a third party are made for countless reasons, such
as holiday gifts, wedding gifts, in memory of somebody who has died, in
memory of domestic dogs or in the name of groups or institutions no
longer existing. Memorial gifts are sometimes solicited by their
survivors (e.g. "in lieu of flowers, contributions may be made to ABC
Charity"), usually directing donations to a charitable organization for
which the died was a donor or volunteer, or for a cause befitting the
deceased's priorities in life or manner of death. Memorial donations are
also sometimes given by people if they cannot go to the ceremonies.

It is possible to give out in the name of a third party, making a gift in
honor or in memory of someone or something. Gifts in honor or
memory of a third party are made for various reasons, such as holiday
gifts, wedding gifts, in memory of somebody who has died, in memory
of domestic dogs or in the name of groups or organizations no longer
existing. Memorial gifts are sometimes requested by their survivors
(e.g. "in lieu of flowers, donations may be made to ABC Charity"),
usually governing donations to a charitable organization for which the
deceased was a donor or volunteer, or for a cause befitting the
deceased's priorities in life or manner of death. Memorial donations are
also sometimes given by people if they cannot go to the ceremonies.

A donation is a favor given by physical or legal persons, typically for
generous purposes and/or to benefit a cause. A donation may take
various forms, including cash offering, services, new or used items
including clothing, toys, food, and vans. It also might consist of
emergency, relief or humanitarian aid items, development aid support,
and can also relate to medical care needs as i.e. blood or internal
organs for transplant. Charitable gifts of goods or offerings are also
called gifts in kind. The largest form of presents in kind is created in
many cultures by the donation of growing older motorized vehicles
with the item donated being picked up, sold and the proceeds given to
the charity or non-profit (type or named) which was the target of the
donor's generosity. One usual way of obtaining donations is the use of
raffles for the build-up of funds.
A donation is a favor given by physical or legal persons, typically for
generous purposes and/or to benefit a cause. A donation may take
various forms, including cash offering, services, new or used items
including clothing, toys, food, and vans. It also might consist of
emergency, relief or humanitarian aid items, development aid support,
and can also relate to medical care needs as i.e. blood or internal
organs for transplant. Charitable gifts of goods or offerings are also
called gifts in kind. The largest form of presents in kind is created in
many cultures by the donation of growing older motorized vehicles
with the item donated being picked up, sold and the proceeds given to
the charity or non-profit (type or named) which was the target of the
donor's generosity. One usual way of obtaining donations is the use of
raffles for the build-up of funds.

Donations are given without profit consideration. This lack of return
consideration means that, in common law, an agreement to make a
donation is an "imperfect contract void for want of consideration."Only
when the donation is actually developed does it acquire legislative
status as a transfer or property. In civil law jurisdictions, on the
contrary, donations are valid contracts, though they may require some
extra formalities, such as being done in writing.

It is possible to give out in the name of a third party, making a gift in
honor or in memory of someone or something. Gifts in honor or
memory of a third party are made for various reasons, such as holiday
gifts, wedding gifts, in memory of somebody who has died, in memory
of domestic dogs or in the name of groups or organizations no longer
exist. Memorial gifts are sometimes requested by their survivors (e.g.
"in lieu of flowers, donations may be made to ABC Charity"), usually
governing donations to a charitable organization for which the
deceased was a donor or volunteer, or for a cause befitting the
deceased's priorities in life or manner of death. Memorial donations are
also sometimes given by people if they cannot go to the ceremonies.



This document has been created & shared by Anirban Kar.

Visit Anirban’s Blog: http://anirbankardailywisdom.blogspot.in

Thank you.

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