Voluntary Income

Voluntary income refers to funds that are willingly given to an organization or individual without any obligation or expectation of return. This can include donations, gifts, sponsorships, or grants provided by individuals, businesses, or foundations. Unlike income from sales or services, voluntary income is typically used to support charitable activities, projects, or causes. It plays a crucial role in non-profit organizations, helping them to fund their operations and achieve their missions. Voluntary income is characterized by its discretionary nature, as donors choose to contribute based on their values and interests.