Donation receipts are important! Here's how to create donation receipts your donors (and the IRS) will love.You fill in a reasonable, fair-market value of the donation. This means not the original purchase price but what a willing buyer would pay. We've created this stepbystep guide on everything you need to know about creating a donation receipt letter for tax purposes. Donorbox tax receipts are highly editable and can be customized to include important details regarding the donation. The Donation Value Guide below helps you determine the approximate tax-deductible value of some of the more commonly donated items. Asking for donations doesn't need to be a daunting task for your organization. Here are 8 easy steps you can follow to ask for contributions. Volunteer Call-Out Donation Request Letters; Thank-You Donation Letters.