Donation FAQs:

Q: Is a donation a gift given by physical or legal persons?

A: Yes, and typically for charitable purposes and/or to benefit a cause.

Q: Were donations from individuals?

A: Yes, and then from bequests , foundations and less than 1% from corporations.

Q: Is a donation actually made does it acquire legal status as a transfer or property?

A: Yes.

Q: Are donations valid contracts?

A: Yes, though they may require some extra formalities, such as being done in writing.

Q: Are donations given without return consideration?

A: Yes.

Q: Is a donation an "imperfect contract void for want of consideration"?

A: Yes.

Q: Are donations also sometimes given by people if they are unable to attend the ceremony?

A: Yes.