Fins Attached Marine Research and Conservation

Why Donate to Fins Attached Marine Research and Conservation ?

Crypto Charitable Giving Is Highly Tax-Efficient Of course, donors like to know they’re making a difference. But they also consider other factors when making charitable gifts, such as tax deductions. For nonprofit and donors alike, tax efficiency is perhaps the most immediately-obvious benefit of cryptocurrency donations. Donating crypto is a very tax-friendly way to give charitably. Crypto is considered a property by the IRS for tax purposes, meaning that crypto donations are treated similar to stock donations. As a result, crypto donors often aren’t responsible for paying capital gains taxes on their donated cryptocurrency. They can also typically write-off their donations as a charitable contribution. Because the tax savings for crypto donors often outweigh those for cash donors, a crypto investor that wants to support your cause would likely prefer to donate in crypto.