By donating cryptocurrency, you can change the trajectory of lives.
Join Mental Health America by donating your Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Z-cash (ZEC), Filecoin (FIL), Dogecoin (DOGE), Solana (SOL), or any tokens currently accepted on the Gemini Exchange. Consult with your financial planner to determine your tax benefits.
The IRS classifies cryptocurrencies as property, so cryptocurrency donations to 501(c)3 charities receive the same tax treatment as stocks.
Donating cryptocurrency is a non-taxable event.
What does this mean? When donating crypto, you receive a tax deduction for the fair market value of the crypto, and you avoid the capital gains tax that 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.
What is the difference? Sometimes more than 30%. We recommend contacting your tax or financial advisor for more information.
If you provide an email, you will automatically receive a tax receipt after donating.
If you want to learn more about how donating crypto can lower your taxes, check out thegivingblock.com/faq.