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 500 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 this explainer at The Giving Block. You also can talk to a crypto-savvy tax professional -- The Giving Block can help you get connected with one.
Why crypto?
FAQs
What about the environmental impact of cryptocurrencies?
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As a great ape conservation organization we care about the environmental repercussions of everything we do, including our decision to accept crypto donations. The question of energy consumption in crypto mining is of utmost importance to us. That's why we're proud that The Giving Block, our fundraising partner for cryptocurrencies, ensures each donation on the platform is carbon neutral by working with their partners at Climate Vault.
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Learn more on The Giving Block website.
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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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Which cryptocurrencies do you accept?
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We currently accept more than 100 cryptocurrencies, including:
Bitcoin (BTC), Ethereum (ETH), 0x (ZRX), Aave (AAVE), Alchemix (MIST), Amp (AMP), Ankr (ANKR), ApeCoin (APE), API3 (API3), Avalanche (AVAX), Axie Infinity Shards (AXS), BarnBridge (BOND), Basic Attention Token (BAT), Bitcoin Cash (BCH), ChainLink (LINK), Chiliz (CHZ), Compound (COMP), Curve Dao Token (CRV), Dai (DAI), Decentraland (MANA), Dogecoin (DOGE), Dogelon Mars (ELON), Enjin Coin (ENJ), Ethereum Name Service (ENS), Fantom (FTM), Fetch.ai (FET), Filecoin (FIL), Gala (GALA), Galxe (GAL), Gemini Dollar (GUSD), Injective (INJ), Lido (LDO), Litecoin (LTC), Livepeer (LPT), Loopring (LRC), Maker (MKR), Mask Network (MASK), Orchid (OXT), PAX Gold (PAXG), Polkadot (DOT), Polygon (MATIC), Qredo (QRDO), Quant (QNT), Radicle (RAD), Rally (RLY), Ren (REN), Render Token (RNDR), Samoyedcoin (SAMO), Shiba Inu (SHIB), Skale (SKL), Solana (SOL), Somnium Space (CUBE), STEPN (GMT), Storj (STORJ), SushiSwap (SUSHI), Synthetix (SNX), Tezos (XTZ), The Graph (GRT), The Sandbox (SAND), Tune.FM (JAM), UMA (UMA), Uniswap (UNI), USD Coin (USD), Tether (USDT), XRP (XRP), Yearn.finance (YFI), Zcash (ZEC)
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We are continually in the process of adding support for new cryptocurrencies, so please check back soon for more giving options.​​
​Can I donate anonymously?​​
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Absolutely. Through our donation form with The Giving Block donors can give anonymously and still receive a tax receipt for their records. That said, we love when you share your email address! We get to say "Thank You!" and provide you with updates on how your gift made an impact for bonobos.​
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.”