Charitable Contributions Definition | Business Donations

Accounting Definitions

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Charitable Contributions Definition

Charitable contributions are donations made to nonprofit organizations. Donations can be money, noncash items, in kind, or volunteer hours.

Charitable Contributions Extended Definition
Small businesses can benefit from making charitable contributions. In addition to helping your community, there can be tax deductions, improved employee morale, free publicity, and increased customer loyalty.

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Last Updated By

Christan Neff | Apr 17, 2023

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