From Longman Business Dictionary
donatedo·nate /dəʊˈneɪtˈdoʊneɪt/ verb [transitiveT] to give money or something valuable to a person or organization in order to help themdonate something to somebodyLaurance S. Rockefeller donated $21 million to Princeton University for a center to study and teach human values.
—donation noun [countableC, uncountableU]The maximum individual donation to political candidates, now $1,000, will be cut in half.