Chicago Community Bond Fund now accepts donations in the form of cryptocurrency.
Chicago Community Bond Fund accepts tax efficient donations in the following cryptocurrencies via The Giving Block:
Bitcoin Donations (BTC)
Ethereum Donations (ETH)
Basic Attention Token (BAT)
Bitcoin Cash Donations (BCH)
Gemini Dollar (GUSD)
Litecoin Donations (LTC)
By accepting cryptocurrencies, Chicago Community Bond Fund is offering cryptocurrency users the ability to support the charity in a tax efficient way. The IRS classifies cryptocurrency donations as property, meaning they are not subject to capital gains tax and are deductible on the donor's tax returns.
The Chicago Community Bond Fund (CCBF) pays bond for people charged with crimes in Cook County, Illinois. Through a revolving fund, CCBF supports individuals whose communities cannot afford to pay the bonds themselves and who have been impacted by structural violence. Inability to pay bond results in higher rates of conviction, longer sentences, loss of housing and jobs, separation of families, and lost custody of children. By paying bond, CCBF restores the presumption of innocence before trial and enables recipients to remain free while fighting their cases. CCBF also engages in public education about the role of bond in the criminal legal system and advocates for the abolition of money bond. CCBF is committed to long-term relationship building and organizing with people most directly impacted by criminalization and policing.
To learn more about Chicago Community Bond Fund visit their site: chicagobond.org
About The Giving Block
The Giving Block equips nonprofits to fundraise cryptocurrencies like Bitcoin, providing education, training and a technical solution. For nonprofits who choose to go the extra mile, they advise on crypto fundraising strategies, and/or pair nonprofits up with partner crypto organizations, elevating fundraising and awareness outcomes. Ultimately, they help nonprofits build a cryptocurrency fundraising program, and a brand in the cryptocurrency industry.