Carbon Offsets To Alleviate Poverty (COTAP)
The mission of Carbon Offsets To Alleviate Poverty (COTAP) is to empower individuals and organizations in developed countries to address both climate change and global poverty. COTAP counteracts your carbon emissions through certified forestry projects in least-developed regions which create transparent, accountable, and life-changing earnings for rural farming communities where income levels are less than $2 per day.
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?
Crypto arguably sits at the confluence of wealth, carbon emissions... and capital gains taxes. COTAP sits at the confluence of poverty alleviation, carbon emissions mitigation... and tax-deductibility! Crypto's carbon intensity is well-documented. We're not here to preach about that, and we're not here to encourage folks to acquire it in order to make a COTAP donation. But if you've already got crypto that you want to donate, COTAP's extremely relevant due to our unique, dual poverty alleviation and climate justice mission. In our view, COTAP and crypto are a very symbiotic match!
Which cryptocurrencies does Carbon Offsets To Alleviate Poverty (COTAP) accept?
You can donate Bitcoin (BTC), Ethereum (ETH), Amp (AMP), Basic Attention Token (BAT), Bitcoin Cash (BCH), ChainLink (LINK), Dai (DAI), Dogecoin (DOGE), The Graph (GRT), Gemini Dollar (GUSD), Litecoin (LTC), Storj (STORJ), UMA (UMA), Zcash (ZEC), 0x (ZRX), 1inch (1INCH) to Carbon Offsets To Alleviate Poverty (COTAP)
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