Charitable Contribution Legal Meaning and Definition

Here is a simplified definition of the legal term Charitable Contribution.

Charitable Contribution (noun)

A charitable contribution refers to money or other forms of support given to a non-profit organization that qualifies for charity status. The organization can be involved in various sectors, such as religion, the arts, education, science, or charitable services. This kind of donation can be made through cash, check, or other means. In terms of taxation, the amount given as a charitable contribution is often deducted from the giver's income, which results in a lower amount of tax payable.