We've created this stepbystep guide on everything you need to know about creating a donation receipt letter for tax purposes. A donation receipt documents the details of a cash or property donation that's gifted to an individual cause or organization.Donors must have a bank record or written acknowledgment from the nonprofit before claiming a tax deduction for a charitable contribution. The Donation Value Guide below helps you determine the approximate tax-deductible value of some of the more commonly donated items. Donation receipts are important! Here's how to create donation receipts your donors (and the IRS) will love. In that case, all you need to provide in the donation receipt is the name and EIN of the organization, date of donation, and a description of the donated item. Easily create a professional-looking donation receipt with our free Goodwill Donation Receipt Template. Donation Receipt Template Instructions and Guidelines. This file provides comprehensive instructions on how to fill out and use donation receipt templates.