DANA is a Pali word that can be translated as giving, generosity, charity, and liberality.
It occupies an important part in the Buddha's teaching, which is often formulated under three headings - dana, sila, bhavana (giving, morality, meditation or mental cultivation). That dana is one heading underscores its importance. Buddhists should take heed and cultivate a good spirit of dana.
It is a first step towards eliminating the defilement of greed, hatred and delusion (lobka, dosa, moha), for every act of giving is an act of non-greed, non-hatred, non-delusion. When you give you have loving-kindness (metta) and compassion (karuna) in your heart. So at that time greed, hatred or ill-will, and delusion would be absent.
"Giving" is a word that has very wide connotations. It does not mean that you give only to monks. It does not mean that you give only expensive things. And it does not mean that you give only material things that cost money.
For you can give many immaterial things which may count even more than material things. What I mean is that when we are kind to each other, we are giving kindness, gentleness, comfort, peace, happiness, etc. So we can give by being kind. For example, we can lend a sympathetic ear to a troubled person, listen to him (or her) with compassion and give him comfort and encouragement.
To the troubled person, your giving time to listen to him is more important than if he were to receive a material gift. So when we are living in a community, we should cultivate care and concern for each other, reaching out to help whenever we can. Then we give more kindness by speaking gently, soothingly, not harshly or angrily.
http://www.abuddhistlibrary.com/Budd...f%20Giving.htm