The Bail Project now accepts donations in the form of cryptocurrency.
The Bail Project 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, The Bail Project 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 Bail Project, Inc. is an unprecedented effort to combat mass incarceration at the front end of the system. They pay bail for people in need, reuniting families and restoring the presumption of innocence. Because bail is returned at the end of a case, donations to The Bail Project™ National Revolving Bail Fund can be recycled and reused to pay bail two to three times per year, maximizing the impact of every dollar
To learn more about The Bail Project visit their site: bailproject.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.