Donate to our Capital Campaign building Wildlife Rehabilitation Centers across Africa!
Our goal has always been to make philanthropy as easy as possible. Many of our new members and donors readily use cryptocurrency in the world, so we are delighted to be able to accept those donations and NFT’s now!
Here are some of the tax benefits of donating crypto vis a vis cash:
Donating cryptocurrency directly to a 501c3 nonprofit is more tax efficient and can save you money.
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. This makes cryptocurrency donations one of the most tax efficient ways to support your favorite cause. If you want to learn more about how donating crypto can lower your taxes, check out thegivingblock.com/faq. Talk to a crypto-savvy tax professional or connect with The Giving Block to get connected with one.
The IRS classifies cryptocurrency as property for tax purposes which means it is typically the most tax efficient way to support your favorite cause. When donating crypto, you receive a tax deduction for the fair market value of the crypto, and you avoid the capital gains tax you would have incurred if you had sold the crypto and then made a donation. That means you’re able to donate more, as well as deduct more on your tax return. The difference? Sometimes more than 30%.
If you provide an email, you will automatically receive a tax receipt after donating.
We have partnered with The Giving Block who are experts in this field and who exchange the crypto donation into US dollars on our behalf. Your donations are immediately ready to support our programs on the ground, where they’re needed!