In the past 10 years, the highest efficiency obtained from organic photovoltaics (OPVs), such as bulk heterojunction (BHJ) polymer solar cells (PSCs), has risen from 2.5 to 11 %, while the solution-processed small molecule (SM) BHJ solar cells arrived at competitive level of 10 %. This rapid progress was achieved by the development of both materials synthesis and device fabrication. With the better understanding of the mechanism of the photon-to-electron conversion process in OPV, the commercialization of PSCs could be realized soon. Nowadays, a lot of efforts have been devoted to developing of new donor, acceptor, and interfacial layer materials, optimizing nanostructures of the active layer, fabricating new device architectures, and so on.The development of new donor materials for PSCs is one of the most popular research topics in the field of PSCs and many excellent results have been published. A variety of polymers and SMs have been reported as donor materials for OPVs and some of them might be candidates for the commercialization later. From the reported structures, the conjugated backbones of polymers for OPV can be arbitrarily classified into a few categories based on the constitution of the repeating unit, namely, (a) homopolymers, (b) donor-acceptor polymers, (c) quinoid polymers, and (d) other types of polymers; whereas the SM donors can be classified into the following categories based on their main structures, (a) donor-acceptor type molecules, (b) squaraine dyes, and (c) oligomer and dendrimers.