Skagit Gleaners fosters a community of sustainability and stewardship to diverse, waste conscious and working families through the rescue and redistribution of recycled food and merchandise.
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?
Skagit Gleaners provides abundant food, clothing, and household merchandise to frugal, waste conscious and working families. We do this by rescuing surplus food and product from local grocery stores, manufacturers, restaurants and thrift stores in Skagit County - keeping this abundance out of overflowing landfills. Donated funds will go directly to expand new and existing programs. Your cryptocurrency donations will help families obtain financial sustainability while reducing food and product waste from landfills.
Which cryptocurrencies does Skagit Gleaners 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 Skagit Gleaners
Need more info on why you should donate cryptocurrency?