Saturday 26 March 2016

Donations

donation is a gift given by physical person for charitable organizations purposes and/or to benefit a cause. A donation may take various forms, including cash offerings , Services ,new or used goods including clothing ,toys,cars,food,watches houses  and vehicles. It also may consist of emergency, relief or humanitarian items, development aid support, and can also relate to medical care needs as i.e. blood or organs for transplant. Charitable gifts of goods or services are also called  KIND.Gift in Kind.

It is possible to donate in the name of a third party, making a gift in honor or in memory of someone or something. Gifts in honor or memory of a third party are made for various reasons, such as holiday gifts, wedding gifts, in memory of somebody who has died, in memory of pets or in the name of groups or associations no longer existing. Memorial gifts are sometimes requested by their survivors (e.g. "in lieu of flowers, contributions may be made to ABC Charity"), usually directing donations to a charitable organization for which the deceased was a donor or volunteer, or for a cause befitting the deceased's priorities in life or manner of death. Memorial donations are also sometimes given by people if they are unable to attend the ceremony.

Donations are given without return consideration. This lack of return consideration means that, in common law an agreement to make a donation is an "imperfect contract void for want of consideration.Only when the donation is actually made does it acquire legal status as a transfer or property.In Civil law , jurisdictions, on the contrary, donations are valid contracts, though they may require some extra formalities, such as being done in writing.[

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