Donations:
The act of giving something to the charity especially a sum of money is donation. The one who is giving is donor and the one who receives is donee. A donation may take various forms such as cash offering, services, goods and so on. It may consists of emergency, relief, human aid items, development aid support and medical care needs such as blood, organs for transplant.
Contribution:
It is a gift or payment to a common fund or collection. Contribution should be calculated using the accrual basis of accounting so that all costs related to revenues are recognized in the same period as revenues. The contribution concept is useful for determining the lowest possible price point at which products should be charged and still cover all fixed costs.
Differences:
| Basis | Donation | Contribution |
|---|---|---|
| Definition (www.oxforddictionaries.com) |
Something that is given to a charity, especially a sum of money | A gift or payment to a common fund or collection |
| Synonyms | Presentation, philanthropy, contribution, award | Subsidy, allowance, charity, supplement, share |
| Antonyms | Acknowledgement, compliance, cheapness, appreciation, approval | Delay, deposit, income, hindrance, disturbance |
| Word origin | The word donation was originated from Late Middle English: via Old French from Latin donatio(n-), from the verb donare, based on donum ‘gift’. | The word contribution was originated from Late Middle English (denoting a tax or levy): from late Latin contributio(n-), from Latin contribuere ‘bring together, add’. |
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