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.
We accept the following cryptocurrencies: Bitcoin (BTC) Ethereum (ETH) Basic Attention Token (BAT) Aave (AAVE) Alchemix (ALCX) Amp (AMP) Ankr Network (ANKR) Axie Infinity Shards (AXS) Balancer (BAL) Bancor Network Token (BNT) BarnBridge (BOND) Bitcoin Cash (BCH) ChainLink (LINK) Compound (COMP) Curve (CRV) Dai (DAI) Decentraland (MANA) Dogecoin (DOGE) Enjin Coin (ENJ) Fantom (FTM) Filecoin (FIL) Gemini Dollar (GUSD) Injective Protocol (INJ) Kyber Network (KNC) Litecoin (LTC) Livepeer (LPT) Loopring (LRC) Maker (MKR) Mirror Protocol (MIR) Moss Carbon Credit (MCO2) Orchid (OXT) PAX Gold (PAXG) Polygon (MATIC) Ren (REN) Skale (SKL) Somnium Space (CUBE) Storj (STORJ) SushiSwap (SUSHI) Synthetix (SNX) Tezos (XTZ) The Graph (GRT) The Sandbox (SAND) Smooth Love Potion (SLP) Terra (LUNA) TerraUSD (UST) UMA (UMA) Uniswap (UNI) Yearn.Finance (YFI) Zcash (ZEC) 0x (ZRX) 1inch (1INCH)