Why donate crypto directly?

Added Taxes Benefit!

 

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.

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The IRS classifies cryptocurrency as property for tax purposes which means it is typically the most tax-efficient way to support your favorite cause. 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 receive a tax receipt for donating.

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Which cryptocurrencies does COTLE accept?

You can donate in 39 different cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH),  Dai (DAI), Dogecoin (DOGE), Litecoin (LTC), USD Coin (USDC) to Church on the Living Edge.