Donor(redirected from donate)
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Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A person or institution who gives assets to another person or institution, either directly or through a trust. Under most circumstances, donors can deduct the value (or depreciated value) of the assets given from their taxable income. While many donors give out of the goodness of their hearts, many do so in order to avoid taxes, especially when donating through a trust.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
One who gives a gift.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.