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Pencils of Promise Accepts Cryptocurrency Donations via The Giving Block


Give Crypto. Give Education. Two years ago, Pencils of Promise were fortunate enough to be a recipient of one million USD in Bitcoin from the Pineapple Fund. It transformed the work they were able to accomplish and expedited our path to building 500 schools that serve more than 100,000 students. Now They're ready to go bigger. They're ready to incorporate blockchain technology into all aspects of our work and continue to be the innovator They're known as in the global non-profit sector. Take them Beyond the Build with Bitcoin.


Pencils of Promise now accepts tax efficient donations in the following cryptocurrencies via The Giving Block:

  • Bitcoin Donations (BTC)

  • Ethereum Donations (ETH)

  • Litecoin Donations (LTC)

  • Bitcoin Cash Donations (BCH)

  • Zcash Donations (ZEC)

  • Gemini Dollar Donations (GUSD)


By accepting cryptocurrencies, Pencils of Promise 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.

Donating crypto to Pencils of Promise means your tax deduction and your charitable gift may instantly increase over 20%. 501c3 nonprofits are exempt from paying capital gains on the sale of assets, so the full value of your gift stays intact.


Pencils of Promise believes every child should have access to quality education. They create schools, programs and global communities around the common goal of education for all.


To learn more aboutPencils of Promise visit https://pencilsofpromise.org/bitcoin/.


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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.

Contact:

[email protected]