Yes! Your crypto donation is tax deductible. Feed the Children offers supporters who want to donate their cryptocurrency the ability to give tax-efficiently.
The IRS classifies cryptocurrency donations as property, meaning they are not subject to capital gains tax and are tax-deductible. Your contributions are tax-deductible to the fullest extent permitted by law.
*Please consult your tax advisor or financial planner to determine your tax benefits.
Children are tomorrow's developers, leaders, entrepreneurs, scientists and mentors. But worldwide, too many children risk not being able to realize their potential and live in conditions that reinforce the cycle of poverty.
COVID-19 brought this reality into sharp focus as it exacerbated hunger and poverty, hitting the most vulnerable children and families the hardest. With your help, we can make significant changes in children's lives and brighten their futures. Help us alleviate poverty and give children the chance to be tomorrow's trailblazers.
What is cryptocurrency? Cryptocurrencies are digital or virtual currencies that operate like ordinary money such as dollars, pounds, or euros, but have no physical counterparts. They exist only in electronic form. Millions of people use cryptocurrencies such as ELONGATE, Bitcoin, Ethereum, Zcash, Litecoin, Bitcoin Cash and others for various transactions.
What are the benefits? The IRS classifies cryptocurrency donations as property, meaning they are not subject to capital gains tax on the appreciated amount and are tax-deductible. Cryptocurrency donations to registered charities are tax-deductible and can often reduce your tax burden.
Does Feed the Children hold cryptocurrency? No. We convert cryptocurrency gifts into dollars as soon as we receive them through our partnership with The Giving Block.
What is The Giving Block? The Giving Block equips non-profits to give supporters and organizations alike an easy-to-use cryptocurrency donation tool.
Can I donate anonymously and still receive a tax receipt? Yes. Donors who wish to give anonymously can supply an email address during the donation process where they will receive their automatic tax receipt.