Urban Upbound is dedicated to breaking cycles of poverty in New York City public housing and other low-income neighborhoods. We provide underserved youth and adults with the tools and resources needed to achieve economic prosperity and self-sufficiency through five comprehensive, integrated programs: Employment Services, Financial Counseling, Income Support Services, Community Revitalization, and Financial Inclusion services anchored by the Urban Upbound Federal Credit Union.
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?
During the pandemic, many families in the community that we serve need extra support. Adapting to their needs, we added food distribution and direct financial assistance to our services. Our work keeps evolving. Donating bitcoin will help us better plan our programs and allocate our funds.
Watch our clients telling their stories with Urban Upbound here:
Or read more about our programs on our Medium blog:
You can donate Bitcoin (BTC), Ethereum (ETH), Amp (AMP), Basic Attention Token (BAT), Bitcoin Cash (BCH), Chainlink (LINK), Dai (DAI), Gemini Dollar (GUSD), Litecoin (LTC), Storj (STORJ), Zcash (ZEC), 0x (ZRX) to Urban Upbound
Need more info on why you should donate cryptocurrency? Learn more at The Giving Block: