NTEN supports nonprofits in meeting their missions and community needs through the strategic and racially equitable use of technology.
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?
After a year of the COVID-19 pandemic, technology’s role in our daily lives has moved front and center. Yet, many nonprofits and their employees still struggle to deploy technology internally and in their programs, despite moving much of their program delivery online.
For twenty years, NTEN has led the nonprofit sector in technology capacity building for organizations of all sizes and mission-focus. Our research has consistently shown that nonprofit staff report having the tools they need but not the training to use them well. NTEN provides nonprofits the training and on-going support they need to address their communities’ needs. Our focus on the strategic and racially equitable use of technology has never been more urgent.
Which cryptocurrencies does NTEN accept?
You can donate Bitcoin (BTC), Ethereum (ETH), Amp (AMP), Basic Attention Token (BAT), Bitcoin Cash (BCH), ChainLink (LINK), Dai (DAI), Dogecoin (DOGE), The Graph (GRT), Gemini Dollar (GUSD), Litecoin (LTC), Storj (STORJ), UMA (UMA), Zcash (ZEC), 0x (ZRX), 1inch (1INCH) to NTEN
Need more info on why you should donate cryptocurrency?