On April 22 each year, millions of people celebrate Earth Day and raise awareness about the growing need to protect our planet. Earth Day has been celebrated every year since 1970, and this year’s theme is “Invest In Our Planet,” emphasizing these key points when it comes to protecting the environment:
- Acting in a bold way
- Innovating in a broad way
- Implementing in an equitable manner
From saving endangered species to planting trees, Earth Day is a great opportunity to focus on environmental causes and support nonprofits that help ensure our earth will thrive for generations to come. The Giving Block’s Environment Impact Index Fund allows you to donate your cryptocurrency to multiple nonprofits that champion environmental causes with a single donation.
Since this Impact Index Fund distributes contributions evenly across dozens of nonprofits, it’s the perfect way to ensure your donation this year is implemented equitably and makes a broad impact. The Environment Impact Index Fund supports nonprofit organizations that focus on each of the environmental causes that we’ve rounded up below, in addition to others.
You Can Donate Crypto to These Environmental Causes
This year for Earth Day, invest in our planet by donating your crypto to these environmental causes:
Reforestation restocks existing woodlands and forests that have been depleted through clearcutting or deforestation. By planting new trees, large forests are recreated to absorb carbon dioxide and protect the planet. Some environmental nonprofits support reforestation or attempt to save rainforests and other essential ecosystems from destruction.
2. Water Conservation
One of the biggest threats to our planet and future generations is the dwindling supply of clean and safe drinking water. Water conservation nonprofits aim to sustainably manage water resources, as well as reduce pollution to ensure everyone around the world is able to have access to clean water resources.
3. Ocean Conservation and Cleanup
The oceans are another water resource that requires conservation efforts. From protecting marine wildlife to cleaning up plastic pollution, this environmental cause ensures that our oceans remain a sustainable habitat for marine animals.
4. Protecting Endangered Species
Many endangered species are essential to ecosystems around the world. Animals such as bees, orangutans, and sea turtles are on the brink of going extinct. Efforts to protect these animals not only ensures their safety but also helps to sustain critical ecosystems that in turn have an impact on humans.
5. Promoting Renewable Resources and Sustainability
Fossil fuels are a major contributor to climate change, and renewable resources such as solar energy are desperately needed around the world. Some environmental nonprofits focus on supporting widespread implementation of renewable resources, while others focus on the long-term sustainability of the planet or alleviating energy poverty around the world.
6. Reducing Pollution
Beyond cleaning up the ocean, some environmental nonprofits reduce other types of pollution like air pollution. Efforts such as conducting air quality monitoring and reducing soil contamination aim to reduce the amount of pollution in our land, air, and water for a cleaner Earth.
7. Climate Action
Climate change is a shift in temperature and weather patterns, and the current period of climate change we’re experiencing has been driven mainly by human activities such as burning fossil fuels. Nonprofits that champion climate action fight against climate change through initiatives such as carbon farming, regenerative agriculture, increasing general awareness, and more.
Are Crypto Donations to Environmental Organizations Tax Deductible?
Earth Day falls within the same month as Tax Day–meaning that tax deductions are at the top of many people’s minds and may be an extra incentive to donate this month. Luckily, cryptocurrency donations are deductible and can save you money on your tax return.
The IRS regards cryptocurrency as property for tax purposes. The tax deduction you receive on your crypto donation is for the fair market value of your crypto at the time that you donate it. This means you can reduce your capital gains bill and support environmental causes in a highly tax-efficient way. (Visit our Crypto Taxes page for more information and resources on taxes.)
How to Donate Now
Environmental nonprofit organizations work hard to ensure that a cleaner and more sustainable Earth is possible for both humans and animals. Whether you’re interested in planting more trees or promoting action against climate change, your crypto donation to the Environment Impact Index Fund supports all of the causes listed above. Your donation will be distributed equally among multiple nonprofits, ensuring that you make a bold and equitable impact as you invest in our planet this Earth Day.