Chattanooga Area Food Bank, Inc.
Chattanooga Area Food Bank, Inc.
Mission Statement
The Chattanooga Area Food Bank’s mission is to lead a network of partners in eliminating hunger and promoting better nutrition in our region.
Why Donate Bitcoin to Chattanooga Area Food Bank, Inc.?
More than 161,000 people in the CAFB service area in Tennessee and Georgia live in homes that are identified as food insecure;1 in 6 individuals don’t know where their next meal will come from. $1 helps provide 3 meals while 96% of total operating expense goes towards food acquisition and distribution.
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.
Other Ways to Support This Charity
Donate Here
Mission Statement
The Chattanooga Area Food Bank’s mission is to lead a network of partners in eliminating hunger and promoting better nutrition in our region.
Why Donate Bitcoin to Chattanooga Area Food Bank, Inc.?
More than 161,000 people in the CAFB service area in Tennessee and Georgia live in homes that are identified as food insecure;1 in 6 individuals don’t know where their next meal will come from. $1 helps provide 3 meals while 96% of total operating expense goes towards food acquisition and distribution.
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.