Photo Credit: Kevin Carden
A safe, easy, and tax-efficient way to support Guardians’ work to protect the WILD
Donating cryptocurrency is a safe, easy, and tax-efficient way to support Guardians’ work to protect the WILD! We’ve set up a partnership with Crypto for Charity to make this process straightforward—visit their donation page and select WildEarth Guardians in the dropdown menu in order to make a cryptocurrency donation to support our work. Donations will be liquidated immediately, per our policy, and used to directly fund our conservation work.
Donating crypto directly to a charity saves you money on two types of taxes:
1. Avoid paying any capital gains tax (and state income taxes) on your crypto gains.
2. Receive a full federal income tax deduction for the value of your crypto.
Please consider providing all of your contact information when making a cryptocurrency donation through the Crypto for Charity website so that we can properly thank you for your support and keep you updated on our work to protect the WILD across the American West.
An alternative is to sell your crypto and donate the cash proceeds, but you would first owe capital gains tax on the appreciation, resulting in higher taxes for you and less dollars going to support your organization of choice.
For any questions about donating cryptocurrency, please contact Lindsay Biedel, Major Gifts Officer, at firstname.lastname@example.org or (208) 297-3285.
What will be the dollar value of my donation?
The value of your donation will be indicated in the tax receipt, and will correspond to the exchange rate at the moment we convert your gift to US dollars (usually within 10 minutes after receiving the gift).
What happens with my crypto donation?
Your donation goes to a 501(c)(3) we have partnered with called Crypto for Charity (legal name: FreeWill Impact Fund, EIN: 86-1218871) and that’s where your tax receipt will come from. They will liquidate your gift immediately and send WildEarth Guardians US dollars, which we’ll use to support our mission to protect the wild across the West. Within a few weeks of your donation, you will also receive a thank you note or email directly from WildEarth Guardians.
How can I claim a tax deduction for my crypto donations?
The process of claiming a tax deduction for cryptocurrency donations depends on the value of the deduction. If your deduction is for an amount below $500, you can simply report the charitable deduction on your annual income tax return filing. You will have received a donation receipt from FreeWill Impact Fund reflecting your gift–save this receipt in your records as support for the deduction you’ve claimed.
To claim a tax deduction for amounts greater than $500, you must file IRS Form 8283 along with your tax return for the year in which your gift was made. If you need help completing the form, you should speak with your tax professional.
What about blockchain transaction fees?
You will have to cover blockchain transaction fees.
Can I donate multiple different coins?
Absolutely. You just need to do it one at a time.
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