Giving to charity is an admirable act and one that should be taught even to small children. Some kids exposed to charitable giving at an early age find it worthwhile to donate part of the monetary gifts they receive when they reach the age of 16 or 18. Some adults, however, start out in this endeavor at a later age.
There’s no age limit to the act of giving to charities and regardless of when you start donating, what matters is you are sincere in what you do. It’s a different kind of personal fulfillment if one is able to share his or her blessings, particularly hard-earned money.
But the question is, “Do you need to ask for an official receipt every time you donate money to a non-profit charitable organization?”
Ideally, a charity should issue receipts to donors. It is a legal obligation of a non-profit group to do so. Also, people who have donated money will need official receipts in order to make a claim on their annual income tax returns. [Read more…]