Getting Out and Staying Out
GOSO partners with people impacted by arrest and incarceration on a journey of education, employment and emotional wellbeing and collaborates with NYC communities to support a culture of nonviolence.
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?
GOSO's model is an alternative to mass incarceration. We work with youth ages 16-24 to provide education, employment and emotional well-being to those who have had justice involvement. Over 95% of GOSO participants are Black and Latinx. This is due to the systemic racism entrenched in mass incarceration. Things like the school-to-prison pipeline lead to Black and Latinx students representing more than 70 percent of those involved in school-related arrests or referrals to law enforcement. Help us dismantle the systemic racism by investing your crytpo in GOSO.
Which cryptocurrencies does Getting Out and Staying Out accept?
You can donate Bitcoin (BTC), Ethereum (ETH), Amp (AMP), Aave (AAVE), Balancer (BAL), Bancor Network Token (BNT), Basic Attention Token (BAT), Bitcoin Cash (BCH), ChainLink (LINK), Compound (COMP), Curve (CRV), Dai (DAI), Dogecoin (DOGE), The Graph (GRT), Gemini Dollar (GUSD), Litecoin (LTC), Polygon (MATIC), Storj (STORJ), SushiSwap (SUSHI), Synthetix (SNX), UMA (UMA), Uniswap (UNI), Yearn.Finance (YFI), Zcash (ZEC), 0x (ZRX), 1inch (1INCH) to Getting Out and Staying Out
Need more info on why you should donate cryptocurrency?