Party people making gift (8)
I believe the answer is:
donation
'gift' is the definition.
(donation is a kind of gift)
'party people' is the wordplay.
'party' becomes 'do' (do is a kind of party).
'people' becomes 'nation'.
'do'+'nation'='DONATION'
'making' is the link.
(Other definitions for donation that I've seen before include "An offering or charitable gift" , "present" , "Do anoint by way of a gift" , "presentation" , "Gift of money as to charity" .)