Team Rubicon serves communities by mobilizing veterans to continue their service, leveraging their skills and experience to help people prepare, respond, and recover from disasters and humanitarian crises.
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?
Team Rubicon is built to serve, and in response to the COVID-19 outbreak, we’ve launched the #NeighborsHelpingNeighbors initiative to meet the needs of our communities through safe individual acts of service.
There is no playbook for this situation, but action is the only option.
Team Rubicon is currently serving in communities across the country providing assistance such as delivery service for food-insecure populations, coordination and logistics support for those in temporary quarantine, as well as individual volunteers helping their neighbors leveraging the safety guidance above.
These operations will continue to evolve as we navigate a new normal.