We've created this stepbystep guide on everything you need to know about creating a donation receipt letter for tax purposes. Learn how to easily create your donation receipts and the best practices to follow in the year-end receipts to your donors.The standard grant application remains open year-round. Include the nonprofit's EIN so the the donor can to check the charity's tax-exempt status with the IRS. In many cases, charitable donations are tax-deductible. When you donate to a qualifying organization, you can deduct the amount from your taxable income. Decide beforehand how much you can afford to donate to causes. Keep track of your charitable giving so you stay within your budget. In this lesson, you'll find out what fundraising is and the role it plays in the nonprofit world. Nonprofit, tax exempt, and registered with the IRS.