A cryptocurrency donation is classified as a non-taxable event in the United States, meaning you do not owe capital gains tax on the appreciated amount and can deduct the donation from your taxes. This can make cryptocurrency donations one of the most tax-efficient ways to support bonobos.
With more than 220 million crypto users worldwide and the value of many cryptocurrencies rising, the crypto community is in a position to make a wide-reaching impact through philanthropy.
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To learn more about how donating cryptocurrency can help lower your taxes, check out thegivingblock.com/faq. You also can talk to a crypto-savvy tax professional -- The Giving Block can help you get connected with one.
Why crypto?
FAQs
How can I donate cryptocurrency to Friends of Bonobos?
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Donating crypto is safe, easy, and fast!
Using the widgets or buttons on this page, you can make a charitable gift in three quick steps:
1. Select your preferred cryptocurrency and enter your gift amount
2. Type in your email and basic info (or choose to give anonymously)
3. Make your gift!
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Upon making a donation, you can elect to receive an automatically generated tax receipt that will be sent to the email address you provide. This confirmation of your donation will help you close the loop when calculating your taxes.
Crypto charitable donations are processed quickly and safely with The Giving Block and Gemini Trust Exchange.
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Is my crypto donation tax-deductible?
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Yes!
Crypto donations are one of the most tax-efficient ways to give to charity. Your crypto donation is tax-deductible to the fullest extent permitted by law if you pay taxes in the U.S. By making a charitable gift, you may also be eligible to significantly reduce what you would otherwise owe in capital gains taxes. Get more information about lowering your crypto taxes.
As with any tax-related question, please consult with a qualified, professional tax advisor to determine whether your donation is tax-deductible in whole or in part. Friends of Bonobos is unable to provide tax information or advice.
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Can I donate anonymously?
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Absolutely. However, we cannot provide tax receipts to anonymous donors. Our team will prepare tax receipts for
any donor who logs a donation and provides an email address. Also, if we have your email, we get to say "Thank You!"
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I have another question. How can I reach you?
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Thank you for your interest in supporting Friends of Bonobos. To contact us about making a crypto donation, please send us an email at info@bonobos.org with the subject line, “Crypto Donation.”
