Typical chart of accounts

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This will allow you to see whether your grant application has been approved and to get information about how to proceed with the application process once your grant application has either been denied or approved for funding.

A donation thank you letter can also double as the official donation receipt that the donor will need if they are going to claim their donation as a tax deduction. Consult a legal or tax professional for questions regarding tax deductions and IRS requirements. Mention specifics about the donor such as how long they have been donating or how good it was to see them at last year’s event. For over 26 years XYZ Charity has been helping children ages 4 to 14 attend summer camps where they not only have the best week of the summer, but develop skills and friendships that will last them a life time. IRS Publication 1861 (pdf) at irs.gov - This document is written for the charity or organization that receives donations as well as donors.

Use the optional donation receipt section if you have not already provided the donor with an official receipt or written acknowledgement. Simply start with our free donation thank you letter template, personalize it, print it, sign it, and then send it. With Sumac, you can group donations into batches corresponding to bank deposits, find and report on the donations by batch, and reconcile Sumac to bank statements.