This receipt is issued to individuals who have donated cash or payment, personal property, or a vehicle and seek to claim the donation as a tax deduction. 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. Looking to craft your donation receipts? Learn about IRS requirements, best practices, tips for writing them, and some frequently asked questions! Giving receipts is an important practice since 501(c)(3) donations are tax-deductible to the donor. Our sample form provides an easy way to get started. We've created this stepbystep guide on everything you need to know about creating a donation receipt letter for tax purposes. Name and address of the organization, date of contribution, and amount of contribution;. Donation receipts are important!