The Lupus Foundation of America gets the ball rolling, opening wallets for five cryptocurrencies.
From the Lupus Foundation of America press release (See Here):
Today, the Lupus Foundation of America, the national force devoted to solving the mystery of lupus, is excited to announce that it has started accepting donations in the following cryptocurrencies:
Bitcoin Cash (BCH)
Ethereum Classic (ETC)
By accepting cryptocurrencies, the Foundation is offering supporters with cryptocurrency portfolios the ability to support the organization in a tax efficient way. The IRS classifies cryptocurrency donations as property, meaning they are not subject to capital gains tax and are fully tax deductible.
“We recognize the benefit of accepting cryptocurrency and the groundbreaking nature of blockchain technology,” said Stevan W. Gibson, president and CEO, Lupus Foundation of America. “With this new capability, we are also looking forward to expanding into accepting more cryptocurrencies as well as how we can leverage blockchain to elevate our impact as we see more individuals and organizations using this technology.”
Adding this new donation method not only gives donors another convenient way to support the Foundation’s work, it is a first step in learning more about how emerging technologies like blockchain can help us do more for those with lupus. The Foundation will be working with The Giving Block, an expert in this technology, to grow its use of blockchain.
Donations can be made using cryptocurrency online and will be an accepted currency as part of the 2018 Evening of Hope Gala, taking place in New York City this November.
The Giving Block makes learning about and accepting cryptocurrency donations easy. Learn more about how The Giving Block can help your organization elevate its impact by equipping you with the tools to accept cryptocurrency donations, here: https://www.thegivingblock.com.
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 crypto fundraising program, and a brand in the cryptocurrency industry.
Telegram: @TheGivingBlock or https://t.me/thegivingblock