Glossary / Tax Receipt
What is Tax Receipt?
A written acknowledgment provided to donors for tax-deductible contributions.
Simple definition
A written acknowledgment provided to donors for tax-deductible contributions. Required by the IRS for single contributions of $250 or more. Must include the amount, date, and whether goods or services were provided in exchange.
Why it matters for your nonprofit
Donors need a written acknowledgment for gifts of $250 or more. A bank statement is not a substitute for the nonprofit’s receipt.
How it shows up in daily work
Send a receipt with the legal name, EIN, date, amount, and the goods-or-services statement. Keep a copy with the donor record.
Common mistakes
- Omitting the ‘no goods or services’ line on a $250+ gift.
- Receipting the net after processing fees.
- Using a different legal name than the IRS listing.
How AlignMint helps
AlignMint ties fund accounting, donor records, and reporting in one place so terms like Tax Receipt show up correctly in your books—not only in a policy memo.
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