We've created this stepbystep guide on everything you need to know about creating a donation receipt letter for tax purposes. 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.Donation receipts are important! Here's how to create donation receipts your donors (and the IRS) will love. 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. Master donation receipts fast with our tips, free templates and messaging samples.