United Way Worldwide
United Way improves lives by mobilizing the caring power of communities around the world to advance the common good.
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?
United Way is a network of local community-led nonprofits. We work with communities to learn about the most pressing health, education, and financial stability needs in each community, create an impact agenda, and develop strategies to solve problems together.
The issues affecting our communities are great and rapidly changing. We need new solutions – powered by new technology and led by diverse leaders. Your crypto donation will support United Way Worldwide’s Innovation Fund. The Innovation Fund drives the development of new technologies and approaches to solve our biggest health and human service challenges. We're disrupting food insecurity through partnerships with ride sharing programs. We're using technology to connect people in need with healthcare and social service agencies.
United Way Worldwide was one of the first and the largest US nonprofit to accept cryptocurrency starting in 2014. Thank you for sharing what you HODL with us every year and for helping us grow into this new era of innovative philanthropy.