We've created this stepbystep guide on everything you need to know about creating a donation receipt letter for tax purposes. This documentation should include receipts, appraisals, and other information that supports the value of the donations.Donation receipts are important! Here's how to create donation receipts your donors (and the IRS) will love. By giving to The King's College, you support our mission of raising principled young leaders who will shape and eventually lead strategic institutions. Contributions to New York State charities. Are you a nonresident of New York State and want to make a donation to a New York State charity? The Donation Value Guide below helps you determine the approximate tax-deductible value of some of the more commonly donated items. To deduct a charitable donation, use Schedule A (Form 1040) to itemize your deductions. We do not donate to third parties fundraising on behalf of another organization.