Blessings of Hope
Blessings of Hope
Mission Statement
The mission at Blessings of Hope is to feed the hungry by facilitating partnerships between food suppliers and nonprofits in a way that brings God’s blessings to both. We are committed to empowering churches and ministries to build relationships in their communities through food and acts of love.Â
Why Donate to Blessings of Hope?
The Internal Revenue Service considers cryptocurrencies to be noncash property. So, if a taxpayer buys units of a digital currency and later sells them at a gain, the taxpayer will be subject to tax on the gain…pursuant to the rules for taxing capital gains. But if a taxpayer donates the appreciated digital currency directly to a qualified charity, he/she will not be taxed on the appreciation in value. And the even better news…neither will the charity! That is because capital gains of U.S. 501(c)(3) public charities (which include churches) are not typically subject to federal income tax. The amount deductible by the donor will vary depending on the facts, but if the donor held the digital currency for more than a year prior to donating it, he/she may be entitled to a deduction of the full fair market value of the digital currency contributed, with no tax on the gain!
Please consult your tax advisor to learn more about donating cryptocurrency or other appreciated non-cash assets to Blessings of Hope.Â
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TAX ID: 81-0941898 • 501(c)3 • USA
14 donations and counting!
$12,065 raised!
Total donations include contributions from Impact Index Funds – all USD amounts are estimates based on exchange rate at time of transaction and are not reflections of the current value of any cryptocurrency at time of viewing.
