Your Virtual Currencies can Save Animals
Donating Cryptocurrency is one of the most tax-efficient ways to support the shelter dogs and cats at Berkeley Humane. You avoid paying capital gains taxes, so your donation goes even farther!
There’s a reason high net worth individuals tend to donate property instead of cash. Donating cryptocurrency directly to a 501c3 nonprofit is more tax efficient and can save you money.The IRS classifies cryptocurrency as property for tax purposes which means it is typically the most tax-efficient way to support Berkeley Humane. When donating crypto, you receive a tax deduction for the fair market value of the crypto, and you avoid the capital gains tax you would have incurred if you had sold the crypto and then made a donation. That means you’re able to donate more, as well as deduct more on your tax return. The difference? Sometimes more than 30%. If you provide an email, you will automatically receive a tax receipt after donating via our widget.
When you donate crypto to a nonprofit, you receive a tax deduction for the value of the crypto, and avoid the capital gains tax you would have paid if you sold the crypto before donating. This means donating crypto translates into a larger donation and a higher deduction.
We use the platform ‘The Giving Block’ to process our cryptocurrency donations. All donations can be made through the widget on this page. Complete the widget info and our wallet address will be generated for your donation. Alternatively, if you want to donate directly from your wallet to our account, let us know and we’ll share our public key or send a QR code as a picture.
Contact us for more information.
Yes, using our widget on this page, you have the option to only provide an email address in order to receive an automatic tax receipt.
While the majority of donations are Bitcoin or Ethereum, we accept many other cryptocurrencies. The list is always growing, just check the dropdown box “other crypto options”.
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100% of contributions are tax deductible to the fullest extent permitted by law.