Give with Cryptocurrency

Why Give Crypto Directly Through Blessings of Hope?

 

The IRS classifies cryptocurrency as property for tax purposes which means it is typically the most tax-efficient way to support Blessings of Hope. When donating cryptocurrency, 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%. Please consult your tax advisor to learn more about donating cryptocurrency or other appreciated assets to Blessings of Hope.

 

How to Give Cryptocurrency Through Blessings of Hope?

 

Step 1: Using the donation widget below

– Select the cryptocurrency you wish to give

– Either give anonymously or enter your contact information. It is recommended that you enter your contact information so we can issue a donation receipt to you.

– Copy the wallet address generated in the widget and send your donation from your cryptocurrency wallet

 

Step 2: Closing Out

– If you provide an email, you will automatically receive a tax receipt after donating.

– Check your inbox for your tax receipt when your donation clears.