Hope for Haiti
As one of the most trusted organizations working to reduce poverty in Haiti, Hope for Haiti is focused on providing support and partnership for the Haitian people every single day.
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?
Hope for Haiti is now accepting cryptocurrency as a form of donation. Over the course of the last year, we have been inspired by what we’ve learned from crypto and blockchain advocates at the Haiti Tech Summit and the Haiti Funders Conference, and we’ve decided to take action. Here’s why:
First, we’ve seen a large amount of cryptocurrency donations flow into other charities to support their missions, and very well respected organizations are currently accepting crypto donations. These organizations include Charity Navigator, Fidelity Charitable, and the ACLU.
Second, because cryptocurrency is now an established channel for charitable giving, we are able to use a gift acceptance policy in the same way we manage stock donations and immediately sell cryptocurrency once it’s received. This allows us to receive the financial value intended by the donor at the time of the donation, avoiding volatility in the market. It also makes it easy to put funds to use immediately to support our mission in Haiti, rather than maintaining them as an investment for the future.
Lastly, it’s never been easier to accept cryptocurrency as a donation. Through The Giving Block, you can donate several forms of cryptocurrency such as BitCoin and Ethereum. Your donation will be immediately exchanged into U.S. dollars, and then Hope for Haiti will allocate those funds to directly support our programs in Haiti.