GIVING CRYPTOCURRENCY
Turn Digital Assets Into Kingdom Impact
A gift of appreciated cryptocurrency can support Alliance ministry while potentially offering tax advantages compared with selling the asset first.
Your generosity can help send workers, strengthen churches, and bring the hope of Jesus to people around the world.
We’re happy to help you explore whether a cryptocurrency gift may be right for you.
A TAX-SMART WAY TO GIVE
Why Give Cryptocurrency?
If you own appreciated crypto, giving the asset directly may offer advantages over selling it and giving cash.
Give Without Selling First
A direct charitable gift generally does not cause you to recognize gain or loss on the donated asset.
A Deduction May Be Available
For assets held more than one year, a charitable deduction may generally be based on fair market value, subject to applicable rules.
Turn Digital Value Into Ministry
Your cryptocurrency can become resources that help advance Alliance ministry around the world.
HOW IT WORKS
From Wallet to Ministry
Our Giving Team can help you make the transfer safely and correctly.
STEP 1
STEP 2
STEP 3
Contact Us
Tell us what you'd like to give so we can confirm the asset and provide the appropriate transfer instructions.
Transfer the Asset
Send the approved cryptocurrency directly from your wallet or account. Always verify the transfer information before sending.
Put Your Gift to Work
Once received, your gift is processed according to Alliance gift-acceptance procedures and directed to ministry.
GENEROSITY WITH PURPOSE
Digital Assets Can Become Real-World Ministry
Cryptocurrency held in a wallet can help send gospel workers, strengthen churches, develop leaders, and bring access to Jesus where He is not yet known.
The asset may be digital.
The impact is very real.
A SIMPLE ILLUSTRATION
See How a Direct Gift Can Work
Imagine cryptocurrency purchased for $10,000 is now worth $40,000.
$10,000
Original Cost
$40,000
Current Value
$40,000
Direct Gift
Giving appreciated cryptocurrency directly generally allows you to make the charitable contribution without first recognizing gain on the donated asset. If held more than one year and you otherwise qualify, a charitable deduction may generally be based on fair market value.
Illustration only. Actual tax results depend on your basis, holding period, income, deduction limitations, appraisal requirements, and individual circumstances.
HELPFUL REMINDER
A Few Details Worth Knowing
Cryptocurrency is treated as a non-cash contribution for federal tax purposes.
Held More Than One Year?
Your deduction may generally be based on fair market value, subject to applicable limitations.
Held One Year or Less?
The deduction is generally limited to the lesser of your basis or fair market value.
Claiming More Than $5,000?
A qualified appraisal is generally required.
More Than $500 in Non-cash Gifts?
Form 8283 generally applies.
FREQUENTLY ASKED QUESTIONS
Questions About Giving Cryptocurrency
-
Accepted assets may change. Contact our Giving Team before making a transfer so we can confirm your asset and provide instructions.
-
No. A direct gift involves transferring the approved digital asset itself rather than selling it and giving cash.
-
If the charitable deduction claimed for donated digital assets exceeds $5,000, a qualified appraisal is generally required.
-
The Alliance provides the appropriate charitable acknowledgment for accepted gifts. You remain responsible for determining and substantiating the value claimed for tax purposes.
TAKE THE NEXT STEP
Thinking About a Cryptocurrency Gift?
Our Giving Team can answer questions, confirm whether your asset can be accepted, and help you understand the transfer process.
Prefer to speak with someone? Call (800) 485-8979
Important Information: This information is provided for general educational purposes only and is not intended as legal, tax, investment, or financial advice. Tax laws and individual circumstances vary. Please consult your attorney, tax professional, financial advisor, qualified appraiser, or other appropriate professional regarding how a charitable gift of digital assets may apply to your situation. The Alliance's ability to accept a particular digital asset is subject to its current gift-acceptance policies and procedures.