Africa Development Promise
At Africa Development Promise, we believe that collective action and enterprise are proven pathways for empowering rural women achieve their economic goals. In fragile rural economies, small, single-owned enterprises tend to fail because the individual cannot bear to take the risk alone. This is especially true for women who also lack access to inputs, training, credit and markets that they need to gain social and economic independence.
Tax Savings (read below)
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.
Why donate Bitcoin?
The Coronavirus shutdown is wreaking havoc on the economy worldwide. In developing countries like Rwanda and Uganda, where Africa Development Promise works to empower rural women farmers, the virus is just one of the many urgent issues that people face. Floods, droughts, and most recently swarms of locusts have also been a threat to post-harvest loss as well. With little or, no social safety nets to help them out the travel ban and stay in place policies are hitting the rural poor the hardest. The agricultural cooperatives that ADP supports, mainly grow horticultural crops which have a short shelf-life. Until now they have managed this potential risk with contracts with restaurants, hotels, and other markets. However, contracts with restaurants and hotels are on pause and with the travel ban, they are slow to get their products to markets leading to significant post-harvest losses. With the lack of resources being offered during this time for women in agriculture, ADP needs your help to bridge the gap and with the recovery once the economy re-opens.