Social Good Fund
SocialGood works to create and establish positive influences for individuals, communities, and the environment. Our goal is to sponsor and develop projects that will help positively impact and develop local communities into healthier and happier places to live, work, and be.
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?
We hope that through fiscal sponsorship we will give people the opportunity to pursue their dreams and positively impact the lives of others, both directly and indirectly. We want you to manifest your inspiration, hope and spirit in the world for everyone to share in.
Our mission is all about building the world we wish to see, one piece at a time. The more of us who participate, the greater the impact. At SocialGood, we invite you to make your vision, no matter how large or small, a reality for us all.