Ruth Ellis Center
Creating opportunities with LGBTQ+ young people to build their vision for a positive future.
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?
Over a 22+ year history, Ruth Ellis Center has established a national reputation for quality and innovation in providing trauma-informed services for lesbian, gay, bi-attractional, transgender, and questioning (LGBTQ+) young people, with an emphasis on young people of color, experiencing homelessness, in the child welfare system, and/or experiencing barriers to health & wellness. What began as a 500-square-foot safe space in Highland Park, MI has evolved into a multi-faceted organization, operating four facilities spanning Highland Park and Detroit. The Center provides outreach and safety-net services, integrated primary & behavioral health care services and case management, multiple housing programs, skill-building workshops, HIV prevention programs, family preservation programming, as well as the operation of the Ruth Ellis Institute, the training, and evaluation arm of the Ruth Ellis Center. None of this work would be possible without the support of our philanthropic partners, like you.
Which cryptocurrencies does Ruth Ellis Center 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 Ruth Ellis Center
Need more info on why you should donate cryptocurrency?