Save the Children was the first global NGO to accept cryptocurrency. The organization has accepted Bitcoin donations since 2013, in response to Typhoon Haiyan that struck Southeast Asia and devastated the Philippines. “Beyond cryptocurrency contributions, what if blockchain technology could be used to make supply chains more efficient, transactions more transparent and end world poverty through decentralized universal basic income as a form of unconditional cash vouchers? That would be a dream worth HODLing on to,” stated Ettore Rossetti, Senior Director of Social & Digital Innovation of Save the Children.
Save The Children 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, Save The Children 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 Save The Children 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.
Save The Children passionately committed to one goal: Giving all children the best chance for the future they deserve – a healthy start in life, the opportunity to learn and protection from harm. Every day and in times of crisis. Here in the U.S. and around the world. Whatever it takes. In fact, we’ve been the world’s leading charity for children for nearly 100 years.
To learn more about Save The Children visit https://www.savethechildren.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.