Community Foundation of Western Nevada
Our mission is to strengthen our community through philanthropy and leadership by connecting people who care with causes that matter.
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 Community Foundation can help you create a lasting impact with cash, bequests, or appreciated assets. You have a variety of options, and we will work with you to create a charitable giving plan that works for you. If you are looking for a way to donate without setting up a DAF, we are currently fundraising for the award-winning affordable housing project. The Village on Sage Street offers 216 low-income earning residents of Northern Nevada a place to call home.