Pencils of Promise
Pencils of Promise believes every child should have access to quality education. We create schools, programs and global communities around the common goal of education for all.
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?
Give Crypto. Give Education. Two years ago, we were fortunate enough to be a recepient of one million USD in Bitcoin from the Pineapple Fund. It transformed the work we were able to accomplish and expedited our path to building 500 schools that serve more than 100,000 students. Now we’re ready to go bigger. We’re ready to incorporate blockchain technology into all aspects of our work and continue to be the innovator we’re known as in the global non-profit sector. Take us Beyond the Build with Bitcoin.