Why Donate Bitcoin, Ethereum, NFTs and other Cryptocurrencies to Charity this Holiday
Save the Children believes in one simple principle and that is that all children have rights: the right to be healthy, educated and protected. We also believe that crypto can be a force for good. If you share our belief, join our global movement to HODL hope for children. By giving today, your cryptocurrency donation can make meaningful change for children, families and their communities across the world this holiday season.
Save the Children was the world’s first INGO (international non-governmental organizations) to accept a bitcoin donation in 2013: in response to Typhoon Haiyan that struck Southeast Asia and devastated the Philippines.
Through our cryptocurrency fundraising collaboration with The Giving Block and our crypto wallet custodian, Gemini, we can accept multiple cryptocurrencies: Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies* including (in alpha order): Aave (AAVE), Alchemix (ALCX), Amp (AMP), Ankr Network (ANKR), AP13 (AP13), Audius (Audio), Axie Infinity (AXS), Balancer (BAL), Bancor Network Token (BNT), Basic Attention Token (BAT), Bitcoin Cash (BCH), BarnBridge (BOND), Chainlink (LINK), Compound (COMP), Curve DAO Token (CRV), Somnium Space (CUBE), Dai (DAI), , Dogecoin (DOGE), Enjin (ENJ), Fetch.ai (FET), Filecoin (FIL), Fantom (FTM), Gemini Dollar (GUSD), The Graph (GRT), Injective Protocol (INJ), Kyber Network (KNC), Litecoin (LTC), Livepeer (LPT), Loopring (LRC), Decentraland (MANA), Mass Network (MASK), Moss Carbon Credit (MCO2), Mirror Protocol (MIR), Maker (MKR), Numeraire (NMR), Orchid (OXT), PAX Gold (PAXG), Qant (QNT), Radicle (RAD), Polygon (MATIC), Ren (REN), The Sandbox (SAND), Shiba Inu (SHIB), Skale (SKL), Smooth Love Potion (SLP), Storj (STORJ), SushiSwap (SUSHI), Synthetix (SNX), UMA (UMA), Uniswap (UNI), TerraUSD (UST), Tezos (XTZ), USD (USDC), Wrapped Centrifuge (wCFG), Yearn.Finance (YFI), Zcash (ZEC), 0x (ZRX) and 1inch (1INCH). We can also accept the proceeds from an NFT mints and smart contracts, if converted to an accepted cryptocurrency first such as ETH.
*Subject to change
What is #CryptoGivingTuesday?
#CryptoGivingTuesday is the unofficial start of #BagSeason, the holiday/year-end giving season for the crypto community. It takes place annual on the Tuesday after the American holiday, Thanksgiving.
How do I donate bitcoin and other cryptocurrency to Save the Children for Christmas?
Donating cryptocurrency to Save the Children this holiday season is easy. Visit our cryptocurrency donation page, select your preferred donation type and support our cause with many of your preferred cryptocurrencies.
What is a Non-Fungible Token (NFT) and does Save the Children accept NFT donations?
NFT stands for Non-Fungible Token. NFT is a smart contract typically built on the Ethereum blockchain, a decentralized ledger where public transactions are stored. An NFT is like a digital certificate of authenticity that serves as proof of ownership. Supporters can donate the proceeds from the sale of an NFT to Save the Children through our cryptocurrency donation page if donors convert it to one of the cryptocurrencies that we accept such as ETH. If you are an artist, athlete or public figure who would like to sell or donate NFT proceeds to Save the Children, send an inquiry to firstname.lastname@example.org.
Is my cryptocurrency holiday charitable donation tax deductible?
Yes, your cryptocurrency donation is tax deductible!* Save the Children offers supporters who want to donate cryptocurrency to charity the ability to give 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 someone donates bitcoin and other cryptocurrencies to a 501(c)(3) nonprofit like Save the Children, donors 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 unless you provide at least your email address.
Why does Save the Children accept cryptocurrency as a charity donation?
Donating Bitcoin and other cryptocurrency is one of the most tax-efficient ways to support your favorite cause for the holidays. To learn more about how donating cryptocurrency to a charity can lower your taxes, check out The Giving Block's tips or talk to a tax professional.
Adding this emerging holiday donation type is a one step in learning more about how blockchain DeFi and DLT technologies can help us do more to reach the most marginalized children in the world.
The cryptocurrency community has alots of innovative ideas and we want to connect with them 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.
Why donate your crypto to Save the Children?
The world is not working for children; the current system is broken. Across the globe, children are being robbed of their futures by a global economy built on inequality and greed that is fueling the climate crisis; which in turn is pushing more children into poverty. It is putting profit for a privileged few over the needs of children and their planet. The pandemic has brought this uncomfortable reality into sharp focus, with its impacts most acutely felt by the poorest children and families. The COVID generation of children now face the dual, connected threats of exacerbating economic inequality and catastrophic climate change. These crises are two sides of the same coin – they are symptoms of a system that is broken for children. But, with your help, there is hope. Let’s make poverty history and give children a chance to #HODLHOPE.
Save the Children in the Crypto News
We’ve accepted cryptocurrency donations since 2013 and continue to be a leader in our field. Here are a few of our recent headlines!
*Logos used for identification purposes only. Do your own research.
Disclaimer: This page is for informational purposes only. It does not contain financial or investment advice. Please consult a certified tax professional in your locality to determine if your donation is tax deductible. (We are biased because we believe that you should invest in children because they are our future, but that decision is up to you.)
We’ll be in touch! By signing up to receive emails from Save the Children you will receive a subscription to our monthly eNews, access to breaking emergency alerts and opportunities to get involved. To ensure delivery of Save the Children emails to your inbox, add email@example.com to your contact list.