Blessings in a Backpack
Blessings in a Backpack
Mission Statement
Blessings in a Backpack mobilizes communities, individuals, and resources to provide food on the weekends for school-aged children across America who might otherwise go hungry.
Why Donate Crypto to Blessings in a Backpack?
A person donating crypto can help in our goal of providing 3.1 million hunger-free weekends to kids nationwide facing food insecurity.
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.
TAX ID: 26-1964620
Organization Type USA: 501(c)3
Location: USA
Cryptocurrency Accepted
Other Ways to Support This Charity
Mission Statement
Blessings in a Backpack mobilizes communities, individuals, and resources to provide food on the weekends for school-aged children across America who might otherwise go hungry.
Why Donate Crypto to Blessings in a Backpack?
A person donating crypto can help in our goal of providing 3.1 million hunger-free weekends to kids nationwide facing food insecurity.
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://www.blessingsinabackpack.org/
TAX ID: 26-1964620
Organization Type USA: 501(c)3
Location: USA
