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Home / Get Involved / Donate / Donate Cryptocurrency

Donate Cryptocurrency

We now accept donations of Bitcoin and other cryptocurrencies. Your tax-deductible gift of crypto is converted to U.S. dollars and sent to us so we can put your gift to work toward our mission.

Many cryptocurrencies are highly volatile assets, and can appreciate quickly. When they are sold and converted back into dollars or other fiat currency, income taxes may be owed on any gains. Such taxes, however, can be avoided, if appreciated crypto is donated to charity, rather than converted back into regular currency. For owners who have seen their crypto grow dramatically in value, the tax benefits of donating part of their windfall to charity are substantial, helping them avoid capital gains taxes and maximize the impact of their charitable giving. Such donors may also be able to receive federal income tax deductions, up to the full value of the gift, if they have held their crypto for more than a year.

Donating crypto directly to charity can save you money in two ways:

  • Avoid paying capital gains tax on your crypto gains
  • Receive a federal income tax deduction for the full value of your crypto (state & local income tax deductions may also be available)

The alternative is to convert your crypto to dollars and make a cash donation, but you would first pay capital gains taxes on the appreciated value, resulting in higher taxes for you and less dollars going to furthering the mission of the charity.

Donate Crypto

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