Cryptocurrency Can Make a Wonderful Charitable Gift
Cryptocurrency, also called virtual currency or crypto, has become a common asset in modern financial portfolios. Crypto is easy to transfer, making it a great way to support your favorite nonprofits.
The Community Foundation accepts gifts of cryptocurrency through The Giving Block, and we quickly liquidate your gift, putting your generosity to work right away.
Why Donate Crypto Directly?
It’s a tax-efficient way to make a charitable impact.
When donating appreciated cryptocurrency that you’ve held for more than one year to a public charity like the Community Foundation, you receive a tax deduction for the fair market value of the crypto, and eliminate 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.