We are excited to announce that you can now donate cryptocurrency as a means of donating to Saint Joseph Parenting Center. We have partnered with ,The Giving Block who make it easy to donate many different forms of crypto. Below you will find some additional information about donating Crypto. If you have any additional questions, please email our development office here.
We currently accept more than 70 cryptocurrencies, including:
Bitcoin(BTC) Ethereum (ETH) USD Coin (USDC) Dai (DAI) Dogecoin (DOGE) Basic Attention Token (BAT) Ethereum Name Service (ENS) 0x (ZRX) 1inch (1INCH) Aave (AAVE) Alchemix (ALCX) Amp (AMP) Ankr Network (ANKR) API3 (API3) Audius (AUDIO) Axie Infinity Shards (AXS) Balancer (BAL) Bancor Network Token (BNT) BarnBridge (BOND) Bitcoin Cash (BCH) ChainLink (LINK) Civic (CVC) Compound (COMP) Curve (CRV) Decentraland (MANA) Dogelon Mars (ELON) Enjin Coin (ENJ) Fantom (FTM) Fetch AI (FET) Filecoin (FIL) Gala (GALA) Gemini Dollar (GUSD) Injective Protocol (INJ) Keep3r (KP3R) Kyber Network (KNC) Litecoin (LTC) Livepeer (LPT) Loopring (LRC) Magic Internet Money (MIM) Maker (MKR) Mask Network (MASK) Merit Circle (MC) Mirror Protocol (MIR) Moss Carbon Credit (MCO2) Numeraire (NMR) Orchid (OXT) PAX Gold (PAXG) Polygon (MATIC) Quant (QNT) Radicle (RAD) Ren (REN) Render Token (RNDR) Shiba Inu (SHIB) Skale (SKL) Smooth Love Potion (SLP) Somnium Space (CUBE) Spell Token (SPELL) Storj (STORJ) SushiSwap (SUSHI) Synthetix (SNX) Terra (LUNA) TerraUSD (UST) Tezos (XTZ) The Graph (GRT) The Sandbox (SAND) UMA (UMA) Uniswap (UNI) Wrapped Centrifuge (wCFG) Yearn.Finance (YFI) Zcash (ZEC)
Is donating crypto currencies tax deductible?
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. This makes Bitcoin and other cryptocurrency donations one of the most tax efficient ways to support your favorite cause. If you want to learn more about how donating crypto can lower your taxes, check out https://thegivingblock.com/resources/tax-help-crypto-donations/. Talk to a crypto-savvy tax professional or connect with The Giving Block to get connected with one.
How does crypto donating work?
We accept forms of cryptocurrency that have an equivalent value in real currency or that acts as a substitute for real currency, also known as “convertible virtual currency”. Such forms of cryptocurrency are listed on an exchange and the exchange rate is established by market supply and demand. The fair market value of the virtual currency is determined by converting the virtual currency into U. S. dollars at the exchange rate in a reasonable manner that is consistently applied. Contributions of cryptocurrency will be treated as a contribution of Tangible Personal Property.
Contributions of Cryptocurrency must be converted to US Dollars as swiftly as is practicable. They may not be made in a completely anonymous manner although donors may request anonymity in publications and/or gift announcements. All gifts of cryptocurrency are considered irrevocable upon conversion to US Dollars and may not be refunded.
You can visit our crypto donation page here or donate below.