As our work evolves, we need more agile fundraising tactics, so we are better able to plan and allocate funds. Cryptocurrency has become more mainstream and after several requests from donors, we can are now accepting the following cryptocurrencies: Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Zcash (ZEC), Gemini Dollar (GUSD), Basic Attention Token (BAT), Chainlink (LINK).
Building on the anonymity of cryptocurrency, donors who donate in crypto can choose to remain entirely anonymous to us. Anyone who wants to can tick a box to share their email to receive impact updates, but this is optional.
Our crypto platform, The Giving Block, provides the tax receipts via email.
The IRS classifies cryptocurrencies as property, so cryptocurrency donations to 501(c)3 charities receive the same tax treatment as stocks. Donating cryptocurrency is a non-taxable event, meaning you do not owe capital gains tax on the appreciated amount and can deduct it on your taxes. If you want to learn more about how donating crypto can lower your taxes, check out The Giving Block-FAQs. We also encourage you to talk with a crypto-savvy tax professional or got to The Giving Block-Tax Help to get referred to one. The Giving Block also offers tips to Lower Your Crypto Taxes here.
We accept the following cryptocurrencies: Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Zcash (ZEC), Gemini Dollar (GUSD), Basic Attention Token (BAT), Chainlink (LINK).