Voluntary Contributions defined as receipts to charitable, educational, medical and electoral trusts and institutions under tax law. Voluntary Contributions are contributions received by trusts (including any legal obligation) created wholly or partly for charitable or religious purposes, institutions established wholly or partly for such purposes, associations or institutions referred to related clauses, funds or trusts, universities or other educational institutions, hospitals or other medical institutions, and electoral trusts, as defined in sub clause (iia) of clause (24) of section 2 of the Income tax Act, 1961.