Save The Children
We’re passionately committed to one goal: Giving all children the best chance for the future they deserve – a healthy start in life, the opportunity to learn and protection from harm. Every day and in times of crisis. Here in the U.S. and around the world. Whatever it takes. In fact, we’ve been the world’s leading charity for children for nearly 100 years.
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?
Save the Children was the first global NGO to accept cryptocurrency. The organization has accepted Bitcoin donations since 2013, in response to Typhoon Haiyan that struck Southeast Asia and devastated the Philippines.
“Beyond cryptocurrency contributions, what if blockchain technology could be used to make supply chains more efficient, transactions more transparent and end world poverty through decentralized universal basic income as a form of unconditional cash vouchers? That would be a dream worth HODLing on to,” stated Ettore Rossetti, Senior Director of Social & Digital Innovation of Save the Children.