We've created this stepbystep guide on everything you need to know about creating a donation receipt letter for tax purposes. Generally, you can only deduct charitable contributions if you itemize deductions on Schedule A (Form 1040), Itemized Deductions.Complete this form to request your donation tax receipt. Enter the entity name and identifying number from the tax return where the noncash charitable contribution was originally reported, if different from above. 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. Your letter should acknowledge the gift of stock, including the ticker, the number of shares, and the date of the donation. Please fill out Agency Application completely prior to submitting, leaving no blanks. Please fill out a donation form to begin the donation process.