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Blessings of Hope

Blessings of Hope

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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.

Why Donate Bitcoin 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.

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.blessingsofhope.com/

TAX ID: 81-0941898

Organization Type USA: 501(c)3

Location: USA

Other Ways to Support This Charity

Share Fundraiser
Donate on Organization’s Website

Donate Here

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.

Why Donate Bitcoin 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.

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.blessingsofhope.com/

TAX ID: 81-0941898

Organization Type USA: 501(c)3

Location: USA

Other Ways to Support This Charity

Share Fundraiser
Donate on Organization’s Website

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