Nov 21, · Some of the largest nonprofit organizations in the world like United Way and The Red Cross accept bitcoin donations, and have been doing so for several cryptolabz.de: Andrea Tinianow. Select “Donate Crypto” for the nonprofit(s) you want to support to navigate to their Donation Page(s) Step Two: Donate crypto. Select your crypto and enter your donation amount. Either donate anonymously or enter your info to stay in touch with the charity. Copy the wallet address generated in the widget and send your donation from your wallet. For the donor, when they donate appreciated bitcoin to a (c) (3) nonprofit, they do not have to pay capital gains and can write it off on their taxes. Bitcoin donations are not taxable events for the donor or the nonprofit, allowing people to contribute percent more, depending on their tax bracket.
Bitcoin donations to nonprofitsDonate Bitcoin | List of Nonprofits Accepting Bitcoin
Tweet about your donation by clicking Social Share to help the nonprofit fundraise more. Optional: After your donation clears, buy back the same amount of crypto you just donated. Your accounts will look the same as if you donated USD, but you just erased your capital gains tax burden! Remember, donating crypto is not spending crypto. In short, donating crypto directly allows you to donate pre-tax dollars instead of donating post-tax dollars.
So, if you want to stack more sats, remember to donate crypto, then repurchase your crypto position after you give. Just click the button and add their twitter handle. Play for free to win the trophy Giveaways for crypto donors. Play Trivia. Donate Crypto, Lower Taxes. Step 1. Select a nonprofit or several. Step 2. Make your crypto donation. Step 3. Nonprofit Sort. Nonprofit Sort A Z. Category Sort A Z. The Giving Block. Adding Bitcoin donations as a payment method is one of the most cost-efficient donor acquisition models.
By simply adding support for Bitcoin, a charity can be seen as forward-thinking and instantly receive support from the Bitcoin community. Bitcoin users have a very strong urge to always show support for the new businesses and organizations that accept the decentralized digital currency.
By accepting Bitcoin donations using the Lightning Network, organizations can accept contributions in any size from anywhere in the world, instantly. With the Lightning Network, they can accept donations as small as 1 satoshi or a fraction of a cent. With no minimum on the size of a donation, charities can accept from a much larger audience. Here are a few examples of non-profit organizations currently accepting Bitcoin donations using the Lightning Network.
Bitcoin Venezuela is a charity focused on accepting Bitcoin donations to provide food, shelter, and other benefits, to those suffering from a hyperinflated currency in Venezuela. With an inflation rate of over 1 million percent, the purchasing power of the Venezuelan Bolivar has severely diminished and left many in poverty. With that in mind, the Bitcoin for Venezuela Initiative began accepting Bitcoin donations from around the world to purchase food for those in need.
Reaching soup kitchens and distribution centers across the country, their operation feeds thousands every day. The Tony Hawk Foundation was created by the world-famous professional skateboarder Tony Hawk with the goal of fostering long-lasting improvements to society.
The Foundation provides these improvements by supporting youth in low-income communities through skateboarding programs and the creation of skateparks. By providing a safe and legal place for young skateboarders to hone their skills while including them in the project development, the foundation aims to teach the youth how to make positive changes in their local community.
Non-profits also have the option to automatically convert Bitcoin to their local currency at the time of the transaction.