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), 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, meaning you do not owe capital gains tax on the appreciated amount and can deduct it on your taxes. Please contact your tax or financial advisor for more information.
If you want to learn more about how donating crypto can lower your taxes, check out thegivingblock.com/faq.