It's important to set up the amount of donation you desire and frequency. Show All Answers. 1.What payment methods are accepted? Donation receipts are important! Here's how to create donation receipts your donors (and the IRS) will love. 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. Download our free form template below. All you need to do is fill the relevant fields with the donors information and you are free of all legal liability. It is common practice for nonprofits, and higher education institutions in particular, to have gift acceptance policies and gift acceptance committees. We conducted our audits in accordance with auditing standards generally accepted in the United States of.