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Berks County Community Foundation

Berks County Community Foundation

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Mission Statement

The mission of Berks County Community Foundation is to promote philanthropy and improve the quality of life for the residents of Berks County, Pennsylvania.
Why donate crypto?: The IRS classifies cryptocurrency as property for tax purposes, which makes donating cryptocurrency directly to the Community Foundation extremely tax efficient.

Why Donate Bitcoin to Berks County Community Foundation?

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 Community Foundation accepts gifts of cryptocurrency through The Giving Block, and we quickly liquidate your gift, putting your generosity to work right away.

Remember, with your cryptocurrency gift of $500 or more, you’ll need to file a Form 8283 with the IRS. With gifts of $5,000 or more, a qualified appraisal is required for submission with your 8283 (The Giving Block can recommend qualified appraisers); be sure to have a Community Foundation representative sign the form as well.

Once your gift is liquidated, we’ll also file an 8282. We’ll provide you with a copy of that form.

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.

Website: https://bccf.org/

TAX ID: 23-2769892

Organization Type USA: 501(c)3

Location: USA

Cryptocurrency Accepted

Other Ways to Support This Charity

Share Fundraiser
Donate on Organization’s Website

Donate Here

Mission Statement

The mission of Berks County Community Foundation is to promote philanthropy and improve the quality of life for the residents of Berks County, Pennsylvania.
Why donate crypto?: The IRS classifies cryptocurrency as property for tax purposes, which makes donating cryptocurrency directly to the Community Foundation extremely tax efficient.

Why Donate Bitcoin to Berks County Community Foundation?

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 Community Foundation accepts gifts of cryptocurrency through The Giving Block, and we quickly liquidate your gift, putting your generosity to work right away.

Remember, with your cryptocurrency gift of $500 or more, you’ll need to file a Form 8283 with the IRS. With gifts of $5,000 or more, a qualified appraisal is required for submission with your 8283 (The Giving Block can recommend qualified appraisers); be sure to have a Community Foundation representative sign the form as well.

Once your gift is liquidated, we’ll also file an 8282. We’ll provide you with a copy of that form.

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.

Website: https://bccf.org/

TAX ID: 23-2769892

Organization Type USA: 501(c)3

Location: USA

Cryptocurrency Accepted

Other Ways to Support This Charity

Share Fundraiser
Donate on Organization’s Website

Thousands of organizations accept crypto donations through The Giving Block

See All Organizations | Why Donate Cryptocurrency? | FAQs