Austin Community Foundation
Austin Community Foundation
Mission Statement
Austin Community Foundation is a grantmaking public charity dedicated to improving the lives of people in Central Texas. We bring together the financial resources of individuals, families, and businesses to support local causes and address the needs in our community.
Why Donate Crypto to Austin Community Foundation?
By donating appreciated cryptocurrency, you will receive a greater tax deduction and benefit and the community will benefit from increased philanthropic dollars.
Save on your Taxes by Donating Crypto
Why Donate Crypto Directly? Taxes!
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.
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 automatically receive a tax receipt after donating.
Cryptocurrency Accepted
Other Ways to Support This Charity
Mission Statement
Austin Community Foundation is a grantmaking public charity dedicated to improving the lives of people in Central Texas. We bring together the financial resources of individuals, families, and businesses to support local causes and address the needs in our community.
Why Donate Crypto to Austin Community Foundation?
By donating appreciated cryptocurrency, you will receive a greater tax deduction and benefit and the community will benefit from increased philanthropic dollars.
Save on your Taxes by Donating Crypto
Why Donate Crypto Directly? Taxes!
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.
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 automatically receive a tax receipt after donating.
