Cushing Academy exists for students and develops curious, creative, and confident learners and leaders.
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?
Since Cushing Academy's founding in 1865, gifts from donors have made it possible for students to receive an exemplary education. Thomas Parkman Cushing laid a foundation for the school with his original bequest, and hundreds of alumni, parents, faculty, staff, and friends have supported his vision in the years since by making gifts of their own. Your gift makes a difference to Cushing Academy, and we are deeply grateful for your support.
Which cryptocurrencies does Cushing Academy 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 Cushing Academy
Need more info on why you should donate cryptocurrency?