The Reason Foundation
Reason Foundation advances a free society by developing, applying, and promoting libertarian principles, including individual liberty, free markets, and the rule of law. We use journalism and public policy research to influence the frameworks and actions of policymakers, journalists, and opinion leaders.
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?
From economists Ludwig von Mises’ early writings to Satoshi Nakamoto’s vision of decentralized currency networks, the intellectual roots of the cryptocurrency movement are deeply embedded in libertarian thought. In the Denationalisation of Money, F.A. Hayek called for a free market in the production, distribution, and management of currency and a separation of money from the “calamity” of government control. Today, cryptocurrencies are bringing these ideas to fruition.
Reason Foundation’s mission to advance a free society by developing, applying, and promoting the libertarian principles of individual liberty, free markets, and the rule of law is a natural fit for advocates of cryptocurrency. As a leading source of expertise and information on the future of private forms of capital (see our archive here), Reason magazine and ReasonTV demonstrate the limitless potential of blockchain technology as well as the questions and challenges that could inhibit its progress.
Founded in 1968, Reason produces respected public policy research on a wide variety of issues, publishes the critically-acclaimed Reason magazine, and produces award-winning videos at ReasonTV. Our libertarian vision of “free minds and free markets” reaches millions of readers and viewers every month through ideas and policies that encourage individuals and voluntary institutions to flourish. By making a gift to Reason of appreciated cryptocurrency, donors may be able to avoid capital gains taxes as well as receive a charitable donation deduction.
Which cryptocurrencies does The Reason Foundation accept?
You can donate Bitcoin (BTC), Ethereum (ETH), Amp (AMP), Aave (AAVE), Balancer (BAL), Bancor Network Token (BNT), Basic Attention Token (BAT), Bitcoin Cash (BCH), ChainLink (LINK), Compound (COMP), Curve (CRV), Dai (DAI), Dogecoin (DOGE), The Graph (GRT), Gemini Dollar (GUSD), Litecoin (LTC), Polygon (MATIC), Storj (STORJ), SushiSwap (SUSHI), Synthetix (SNX), UMA (UMA), Uniswap (UNI), Yearn.Finance (YFI), Zcash (ZEC), 0x (ZRX), 1inch (1INCH) to The Reason Foundation
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