WHY YOU SHOULD DONATE CRYPTO
Cryptocurrency Donations
How Is Cryptocurrency Taxed?
How Is Cryptocurrency Taxed?
Donating cryptocurrency to a qualified charitable organization can help you offset gains.
Public charities, such as this one, offer a tax friendly way to donate your Bitcoin and other cryptocurrency,
Cryptocurrency donors often aren’t responsible for paying capital gains taxes on their donated cryptocurrency. They can also typically write-off their donations as a charitable contribution.
How Is Cryptocurrency Taxed?
How Is Cryptocurrency Taxed?
How Is Cryptocurrency Taxed?
Current IRS guidelines classify cryptocurrency as property for federal tax purposes. This means that any tax principles that apply to property transactions will also apply to cryptocurrencies.
These taxes can apply on the sale, exchange, gift, and receipts of digital assets.
If you want to learn more about how donating crypto can lower your taxes, check out www.thegivingblock.com/faq
Tax Rates and Benefits
How Is Cryptocurrency Taxed?
Tax Rates and Benefits
Cryptocurrencies held less than a year, are considered "short-term" gains, and are taxed at a higher rate. That tax rate can range from 10%-37%.
Taxes for cryptocurrency holdings kept for more than a year are considered “long-term,” gains, and are subject to lower tax rates ranging from 0% -20%.
When you donate cryptocurrency, you do not pay capital gains taxes on the donated amount.
The DONATE STOCK
Advantages of Stock Donations
Donating Stocks
Donating stock is one of the most tax-efficient ways for you to support causes that matter to you. Donating stock is safe and easy. Using the donation form on this page, making a charitable gift of stock is a quick, five-step process:
- Select your stock ticker and confirm the company name in the donation form
- Enter your gift amount
- Type in your email and address info for the receipt
- Enter your brokerage account information
- Virtually sign & make your gift!
Upon making a donation, you will receive an email notification from The Giving Block that your gift is being processed.
Stocks Accepted
- We currently accept publicly traded, domestic common stock.
- We are continually in the process of adding support for new assets to donate, so please check back soon for more giving options.
Why Make a Stock Donation
- Stock donations are one of the most tax-efficient ways to give to charity. Your stock donation is tax-deductible to the extent permitted by law; if you pay taxes in the U.S. By making a charitable gift, you may also be eligible to significantly reduce what you would otherwise owe in capital gains taxes.
- As with any tax-related questions, be sure to consult with a qualified, professional tax advisor.
Why Donate to a DAF
- A donor-advised fund is essentially a tax-incentivized investment account for charitable giving. Donors contribute funds to the account, those funds get invested, and money generated from the account is, in turn, given to designated nonprofit recipients.
- Donors decide how frequently they want to contribute their cash, stocks, real estate, or cryptocurrency to their DAF.
- As with other kinds of investments—like a 401K—DAF donors can choose what level of volatility they are comfortable with and what kind of portfolio they prefer for their investments (stocks, bonds, etc.) over time.
- A key difference between a DAF and other investment accounts is that contributions are irrevocable (i.e., they can’t get them back). The sponsoring organization legally controls the funds from there, but donors can weigh in on where the funds go.
Benefits of DAFs for nonprofits
- Growth potential 🌱 Investing DAF funds can increase their value, potentially enabling donors to give a higher amount to a charity than they would have been able to otherwise.
- Tax benefits 💰 Donor-advised fund tax benefits are one of the top benefits for contributors—especially for high-dollar donors.
- Administrative support 📊 Sponsor organizations manage all the investing and granting for donors, which can facilitate more consistent planned giving, as well as legacy giving into the future.
Don't Have Crypto, Stock or DAF, you can donate with PayPal.
$100.00
Your support and contributions will enable us to meet our goals and improve conditions. Your generous donation will fund our mission.