Looking to donate cryptocurrency to charity? We are making it even easier for you to donate Bitcoin, Bitcoin Cash, Ethereum,Dai, Litecoin or USD coin to Salute Veterans Inc. For donors in the United States, the IRS has classified cryptocurrencies as property for tax purposes. This means that when you donate cryptocurrency to a 501(c)(3) nonprofit like Salute Veterans Inc, you aren’t required to pay capital gains tax and the full FMV amount can be written off on your taxes.
Donating your cryptocurrency to Salute Veterans Inc is a win for the donor and a win for Veterans. Your cryptocurrency donation will be valued at the time of donation at its fair market value, and you will receive a larger tax benefit because the entire FMV of the donation can be deducted. As a 501 (c) (3) organization, Salute Veterans Inc. is tax-exempt (EIN: 84-2016237) and will receive the entire amount of cryptocurrency donation and ultimately a larger gift.
After making your cryptocurrency donation, email us at firstname.lastname@example.org so we can record your gift and send a tax receipt. In accordance with our gift policy, all donations in cryptocurrency are final.
Learn more about why to Donate Cryptocurrency…
General Information & Disclaimers
- If you’re donating over $500 worth of cryptocurrency and want to take advantage of the tax deductions, we are happy to sign an IRS Form 8283 for you. Please email us your info.
- If your Cryptocurrency Donation is over $5,000 in value and you want to qualify for a tax deduction, you will need to work with a Qualified Appraiser (See 26 US Code 170 (f)(11)(c)).
- We can only accept cryptocurrencies for donation purposes and all donations are non-refundable.
Cryptocurrency & Blockchain Technology