Utah Food Bank
Utah Food Bank
Mission Statement
Founded in 1904, Utah Food Bank has operated under various names but has always remained true to our mission of Fighting Hunger Statewide. 410,000 Utahns are at risk of missing a meal today. Even more alarming is that 1 in 7 Utah kids are unsure where their next meal is coming from. Last year, Utah Food Bank distributed 70.2 million pounds of food, the equivalent of 58.5 million meals, to people facing hunger across Utah.
Why Donate Bitcoin to Utah Food Bank?
Utah Food Bank can stretch each $1 donated into almost $9 worth of goods & services, so every donation, especially a crypto donation, has an impact!
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.
Cryptocurrency Accepted
Other Ways to Support This Charity
Donate Here
Mission Statement
Founded in 1904, Utah Food Bank has operated under various names but has always remained true to our mission of Fighting Hunger Statewide. 410,000 Utahns are at risk of missing a meal today. Even more alarming is that 1 in 7 Utah kids are unsure where their next meal is coming from. Last year, Utah Food Bank distributed 70.2 million pounds of food, the equivalent of 58.5 million meals, to people facing hunger across Utah.
Why Donate Bitcoin to Utah Food Bank?
Utah Food Bank can stretch each $1 donated into almost $9 worth of goods & services, so every donation, especially a crypto donation, has an impact!
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.
