We donate bitcoins

Once you complete your gift, click here to tell us how to direct your gift. Your gift can benefit any school, unit, department or affiliated foundation at the University. We will contact you if there are questions or to confirm your intentions. You can access all of our wallet addresses by clicking on the link above. Once you enter the type of cryptocurrency and reach the third step, you will receive a unique wallet address which can then be used to complete your donation.

You will receive a receipt for your donation via email. You must enter your email when prompted in our widget above. To inquire about these or other cryptocurrencies not listed, kindly contact us. It takes place annual on the Tuesday after the American holiday, Thanksgiving.

What is NFTuesday? For much of human history, art and social progress have gone hand-in-hand. The blockchain era is no exception: over the past year, the NFT community has donated millions of dollars in crypto to charitable organizations. The day brings together NFT marketplaces, artists, galleries, projects and studios that are helping bring visibility to this incredible year of impact and raise more coin for important causes.

NFT is a smart contract typically built on the Ethereum blockchain, a decentralized ledger where public transactions are stored. An NFT is like a digital certificate of authenticity that serves as proof of ownership. Supporters can donate the proceeds from the sale of an NFT to Save the Children through our cryptocurrency donation page if donors convert it to one of the cryptocurrencies that we accept such as ETH. If you are an artist, athlete or public figure who would like to sell or donate NFT proceeds to Save the Children, send an email inquiry.

Is my cryptocurrency charitable donation tax deductible? Yes, your cryptocurrency donation is tax deductible! The IRS classifies cryptocurrency donations as property, meaning they are not subject to capital gains tax and are tax-deductible. Your contribution is tax-deductible to the fullest extent permitted by law. For example, for donors in the United States, the IRS has classified bitcoin as property for tax purposes.

This means that when someone donates bitcoin and other cryptocurrencies to a c 3 nonprofit like Save the Children, donors do not have to pay capital gains tax and it is tax-deductible if you provide your email address. You can donate anonymously but you will not receive a tax receipt unless you provide at least your email address. Why does Save the Children accept cryptocurrency as a charity donation?

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If you are an artist, athlete or public figure who would like to sell or donate NFT proceeds to Save the Children, send an email inquiry. Is my cryptocurrency charitable donation tax deductible? Yes, your cryptocurrency donation is tax deductible! The IRS classifies cryptocurrency donations as property, meaning they are not subject to capital gains tax and are tax-deductible.

Your contribution is tax-deductible to the fullest extent permitted by law. For example, for donors in the United States, the IRS has classified bitcoin as property for tax purposes. This means that when someone donates bitcoin and other cryptocurrencies to a c 3 nonprofit like Save the Children, donors do not have to pay capital gains tax and it is tax-deductible if you provide your email address.

You can donate anonymously but you will not receive a tax receipt unless you provide at least your email address. Why does Save the Children accept cryptocurrency as a charity donation? Donating Bitcoin and other cryptocurrency is one of the most tax-efficient ways to support your favorite cause for the holidays. To learn more about how donating cryptocurrency to a charity can lower your taxes, check out The Giving Block's tips or talk to a tax professional.

Adding this emerging holiday donation type is a one step in learning more about how blockchain DeFi and DLT technologies can help us do more to reach the most marginalized children in the world. The cryptocurrency community has alots of innovative ideas and we want to connect with them more directly.

If you have a use case, idea or want to partner with us, please reach out! Why donate your crypto to Save the Children? The world is not working for children; the current system is broken. Across the globe, children are being robbed of their futures by a global economy built on inequality and greed that is fueling the climate crisis; which in turn is pushing more children into poverty. It is putting profit for a privileged few over the needs of children and their planet.

Your cryptocurrency donation is tax-smart because instead of paying capital gains taxes on the appreciation, the c 3 charity will receive the full value of your contribution. You can then recommend how the funds are invested—allowing it to potentially grow tax-free—before recommending it as a grant to charities.

Many charities are not able to accept direct donations of bitcoin, so using a donor-advised fund such as the Fidelity Charitable Giving Account is a great way to donate these assets and support the charities you love. Fidelity Charitable can accept your bitcoin donation, allowing you to claim the tax deduction, and then you can recommend a grant to your favorite c 3 charity.

Did you know? Fidelity Charitable accepts bitcoin, bitcoin cash, ethereum and litecoin. What are the tax benefits to donating bitcoin and other cryptocurrency?

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