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Toledo Museum of Art

Toledo Museum of Art

Mission Statement

Through our collection and programs, we strive to integrate art into the lives of people.

Why Donate Crypto to Toledo Museum of Art?

The Toledo Museum of Art recognizes the importance cryptocurrency plays in today’s economy and in the lives of our supporters. Donors may find it beneficial to make contributions of cryptocurrency and should consult their tax adviser regarding how donations of cryptocurrency and other highly appreciated assets may fit into their tax strategy.

For donors in the United States, the IRS has classified cryptocurrency as a form of property for tax purposes. This means that when you donate Bitcoin or other cryptocurrencies to TMA, you may not be required to pay capital gains tax on donated cryptocurrency and you may still be able to claim a deduction for your gift. Please consult your tax adviser for more information.

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.toledomuseum.org/

TAX ID: 34-4434678

Organization Type USA: 501(c)3

Location: USA

Cryptocurrency Accepted

Other Ways to Support This Charity

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Donate on Organization’s Website

Donate Here

Mission Statement

Through our collection and programs, we strive to integrate art into the lives of people.

Why Donate Crypto to Toledo Museum of Art?

The Toledo Museum of Art recognizes the importance cryptocurrency plays in today’s economy and in the lives of our supporters. Donors may find it beneficial to make contributions of cryptocurrency and should consult their tax adviser regarding how donations of cryptocurrency and other highly appreciated assets may fit into their tax strategy.

For donors in the United States, the IRS has classified cryptocurrency as a form of property for tax purposes. This means that when you donate Bitcoin or other cryptocurrencies to TMA, you may not be required to pay capital gains tax on donated cryptocurrency and you may still be able to claim a deduction for your gift. Please consult your tax adviser for more information.

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.toledomuseum.org/

TAX ID: 34-4434678

Organization Type USA: 501(c)3

Location: USA

Cryptocurrency Accepted

Other Ways to Support This Charity

Share Fundraiser
Donate on Organization’s Website

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