Donate Bitcoin and other Cryptocurrencies to Charity
Save the Children was one of the first global nonprofits to accept cryptocurrency and has accepted Bitcoin donations since 2013. We were the first nonprofit beneficiary of Bitcoin Black Friday via the BitGive Foundation in response to Typhoon Haiyan that struck Southeast Asia and devastated the Philippines.
Through our cryptocurrency fundraising initiative with The Giving Block and Gemini Trust Exchange we can accept multiple cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), ZCash (ZEC), Litecoin (LTC), Basic Attention Token (BAT), Chainlink (LINK) and the Gemini Dollar (GUSD).
What is Bitcoin Black Friday?
Bitcoin Black Friday is day dedicated to showcase the Bitcoin marketplace where merchants and causes alike promote BTC adoption to both users and merchants, consumers, retailers and causes. Save the Children was the first nonprofit beneficiary for Bitcoin Black Friday in 2013 through the BitGive Foundation.
What is #BitcoinTuesday?
#BitcoinTuesday is the biggest day for cryptocurrency generosity organized by The Giving Block. Nonprofits around the world are participating, opening their doors to this new class of donors looking to make a difference. On #BitcoinTuesday, the biggest names in cryptocurrency come together with the biggest names in philanthropy.
How do I donate bitcoins and other cryptocurrency to Save the Children?
Donating your cryptocurrency to Save the Children is easy. Select your preferred donation method and support our charity with cryptocurrency.
Is my cryptocurrency donation tax deductible?
Yes! Save the Children offers supporters with cryptocurrency the ability to support the organization in a tax-efficient way. The IRS classifies cryptocurrency donations as property, meaning they are not subject to capital gains tax and are tax deductible. Your contribution is tax-deductible to the fullest extent permitted by law. For example, for donors in the United States, the IRS has classified Bitcoin as property for tax purposes. This means that when you donate Bitcoin and other cryptocurrencies to a 501(c)(3) nonprofit like Save the Children, you do not have to pay capital gains tax and it is tax deductible if you provide your email address.
*Please consult your tax advisor. You can donate anonymously but you will not receive a tax receipt.
Why does Save the Children accept cryptocurrency?
Bitcoin and other cryptocurrency donations is one of the most tax efficient ways to support your favorite cause. If you want to learn more about how donating cryptocurrency to a charity can lower your taxes, check out The Giving Block's FAQs or talk to your tax professional.
Adding this emerging donation type is a first step in learning more about how blockchain technologies can help us do more to reach the most marginalized children in the world.
The cryptocurrency community has a lot of innovative ideas and we want to connect with you more directly. If you have a use case, idea or want to partner with us, please reach out! If you have any questions or are interested in donating other types of cryptocurrency, send us an email.
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