The assignment content involves creating an Entity-Relationship (ER) diagram for a database that has four entities: Organisation, Donor, Donation, and DonationAmount. The ER diagram shows the relationships between these entities, such as one organisation can have many donors, one donor can make multiple donations, and one donation is made to one organisation. The Relational Model is then presented, which describes the attributes of each table, including data types, primary keys, foreign keys, and default values.