Donations are gifts in money or property conferred by a corporation or private individual on a non-profit charitable, educational, religious, or public service organization.
While a legal contract requires consideration (something of value given in return) from both parties, a donation is accepted by the recipient organization without any consideration.
Corporate giving has grown substantially in the past decade, as organizations seek to elevate the standing of their brand through contributions to high-profile causes. Corporations donated over $20 billion to charitable organizations around the world in 2017 (the most recent year for which data is available), with the top 10 companies donating a total of $2 billion, which is amazing.
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