Donative
A donative is a donation, usually of money, to a religious institution or other charity. The term can also be used to describe the act of making such a donation. Donatives were once a common form of charity in Europe and North America, but have become much less common in recent years.
Donatives can take a number of different forms. In some cases, the donor may simply give a lump sum of money to the charity. In other cases, the donor may make regular payments to the charity, often through some type of fund or trust. Donatives may also take the form of property or other assets donated to the charity.
The purpose of a donative is to provide financial support to a charity or religious institution. This support can be used for a variety of purposes, including the maintenance of the institution itself, the funding of religious ceremonies or other activities, or the provision of assistance to the needy.
Donatives are a form of private charity. Unlike government welfare programs, donatives are not funded by taxes. This makes them a popular choice for donors who want to be able to direct their donations to specific causes.
Donatives are also popular because they offer tax benefits to donors. In many cases, donations to qualifying charities can be deducted from the donor's taxable income. This can result in significant tax savings for the donor.
Despite their popularity, donatives are becoming less common. This is largely due to changes in tax laws that have made other forms of charity, such as giving to political campaigns or funding private schools, more attractive to donors. Nevertheless, donatives remain a popular way to support religious institutions and other charitable causes.
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