The immigrant story is the American story. It is rooted in the idea that all New Americans bring richness and value to American life. FIRN empowers New Americans by providing programs and direct services to help them achieve their goals and/or access community resources and opportunities.
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?
Like those of you who invest in cryptocurrency because of its inherent innovative and free market aspects, FIRN invests in the innovative concept that New Americans be free to integrate and strengthen their communities. We at FIRN are grateful for the cryptocurrency donors who make this possible; it is only through you that we can make a difference. Hope you consider joining us!