Founded in 1999, Mona Foundation supports grassroots initiatives around the world that educate all children, empower women and girls, and enable them to transform their own communities.
We support schools and programs that serve economically disadvantaged communities. These initiatives focus on academic excellence, fine arts, character development, and service to train capable, ethical, and altruistic students who contribute to the betterment of their families, communities, and ultimately their nation.
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?
We educate children in need globally, empower women and girls, and enable them to give back to transform their own communities. In 2019 we supported the education and empowerment of more than 429,000 students in 19 projects in 12 countries. We are also the proud recipient of Pineapple Fund grant of $1M.
During this unprecedented crisis, Mona is supporting several of our projects fight COVID19 while enabling their transition to online education by whatever means possible. In 2020, we have already accomplished the following:
1. Access: Built a school in Vietnam, a vocational training center in Sierra Leone, technology and science labs, library and solar powers in Haiti, and expanded a business skills center in Gambia, and adopted two new programs in Columbia. IMPACT: 2,500 students.
2. COVID related needs: Enabled transition to online education: Supported the transition to online education in Brazil, Mongolia, Panama, India, serving more than 100,000 students. Provided and distributed 29,000 masks, 750 reusable sanitary napkins, 64 smart phone, 34 laptops, and 1,150 bags of dry ration to meet the urgent needs for 163,800 people. IMPACT: 236,800 students.
See video below on our impact just on one project.