Why Donate Bitcoin, Ethereum, NFTs and other Cryptocurrencies to Charity
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 including but not limited to: Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies* including (in alpha order): 1inch (1INCH), Aave (AAVE), Alchemix (ALCX), Amp (AMP), Ankr Network (ANKR), ApeCoin (APE), AP13 (AP13), Audius (Audio), Axie Infinity (AXS), Balancer (BAL), Bancor Network Token (BNT), Basic Attention Token (BAT), Bitcoin Cash (BCH), BarnBridge (BOND), Compound (COMP), Curve DAO Token (CRV), Cube (CUBE), Civic (CVC), Dai (DAI), , Dogecoin (DOGE), DeFi Pulse Index (DPI), Dogelon Mars (ELON), Enjin Coin (ENJ), Fetch.ai (FET), Filecoin (FIL), Fantom (FTM), Gala (GALA), Gemini Dollar (GUSD), The Graph (GRT), Injective Protocol (INJ), Kyber types.Network (KNC), Keep3rV1 (KP3R), Lido DAO (LDO), ChainLink (LINK), Litecoin (LTC), Livepeer (LPT), Loopring (LRC), Terra (LUNA), Liquity (LUSD), Decentraland Mana (MANA), Mass Network (MASK), Merit Circle (MC), Moss Carbon Credit (MCO2), Magic Internet Money (), Mirror Protocol (MIR), Maker (MKR), Maple Finance (MPL), Numeraire (NMR), Orchid (OXT), PAX Gold (PAXG), Qant (QNT), Radicle (RAD), Radium (RAY), Polygon (MATIC), Ren (REN), Rally (RLY), Render Token (RNDR), Sandbox (SAND), Aber (SBR), Shiba Inu (SHIB), Skale (SKL), Smooth Love Potion (SLP), Solana (SOL), Spell Token (SPELL), Storj (STORJ), SushiSwap (SUSHI), Synthetix (SNX), UMA (UMA), Uniswap (UNI), Tezos (XTZ), USD Coin (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.
You can also donate Cardano (ADA), donate Algorand (ALGO), donate Cosmos (ATOM), donate Polkadot (DOT), donate Flow (FLOW), donate Solana (SOL), donate Tether (USDT) and donate Stellar (XLM) to Save the Children.
To inquire about these or other cryptocurrencies not listed, kindly contact us.
*Subject to change without notice
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.
What is #NFTuesday?
#NFTuesday is NFTuesday is The Giving Block’s newly-minted, one-day celebration of NFT philanthropy! For much of human history, art and social progress have gone hand-in-hand. The blockchain era is no exception: over the past year, the NFT community has donated millions of dollars in crypto to charitable organizations. The day brings together NFT marketplaces, artists, galleries, projects and studios that are helping bring visibility to this incredible year of impact and raise more coin for important causes.
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 email inquiry.
Is my cryptocurrency 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!
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!
- Why web3’s wealthy are donating crypto instead of cash, TechCrunch
- Crypto Aid in Ukraine with Save the Children, The Blockchain.com podcast
- The role of cryptocurrency in the Russia-Ukraine conflict, Good Morning America
- Tax Breaks, Bragging Rights Drive Crypto and NFT Donations, The Wall Street Journal
- Is Crypto the Next Big Thing in Fundraising? Ukraine Aid Groups Aim to Find Out, The Chronicle of Philanthropy
- How Charities Are Using NFTs as a Way to Fundraise, The USA Today
- How nonprofits are navigating the rise of cryptocurrency giving, Devex
*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.)
Page Last updated: May 26, 2022
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