Family Promise
URL
TAX ID
52-1591461
Organization Type
USA: 501(c)3
Mission Statement
OUR MISSION IS TO HELP FAMILIES EXPERIENCING HOMELESSNESS AND LOW-INCOME FAMILIES ACHIEVE SUSTAINABLE INDEPENDENCE THROUGH A COMMUNITY-BASED RESPONSE.
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?
Family Promise is the leading national nonprofit addressing family homelessness, providing homelessness prevention, emergency shelter, workforce development, education, financial capability, health and wellness, and so much more.