Gifts of Cryptocurrency
By donating your cryptocurrency directly to The Alliance, you can avoid capital gains taxes, qualify for a charitable tax deduction, and eliminate the burden of liquidating and transferring the crypto balance.
What Makes This Powerful:
Avoids Capital Gains Taxes
Qualifies for charitable tax deduction
Makes it easy for The Alliance to receive your gift
Provides immediate funding to The Alliance
Can help fund other giving tools
How It Works:
Donating without liquidating your cryptocurrency avoids capital gains taxes on the “income, gain, or loss” of the currency (IRS).
If you hold your cryptocurrency for a year before donating, your charitable contribution deduction will be equal to the fair market value of the currency.
Your donation can be kept as a cryptocurrency investment or converted to USD by The Alliance.
You can also donate cryptocurrency through a donor-advised fund. For more information on DAF’s, click here.
Your Next Step:
To move forward in making a crypto gift, or if you have any questions, please contact us. We would be happy to assist you and answer any questions you might have.
We’re here to help!
For all other questions, contact The Alliance: