Why Donate Crypto to the Waukesha County Community Foundation?
Donating a gift of cryptocurrency to the community foundation is an easy way to make a difference in your community, impacting today and transforming tomorrow.
By donating a gift of appreciated cryptocurrency directly to the community foundation, you can also avoid capital gains tax.
Save on your Taxes by Donating Crypto
Why Donate Crypto Directly? Taxes!
There’s a reason high net worth individuals tend to donate property instead of cash. Donating cryptocurrency directly to a 501c3 nonprofit is more tax efficient and can save you money.
The IRS classifies cryptocurrency as property for tax purposes which means it is typically the most tax efficient way to support your favorite cause. When donating crypto, You receive a tax deduction for the fair market value of the crypto, and you avoid the capital gains tax you would have incurred if you had sold the crypto and then made a donation.
That means you’re able to donate more, as well as deduct more on your tax return. The difference? Sometimes more than 30%.
Which cryptocurrencies can I donate?
We accept the following cryptocurrencies:
- Bitcoin (BTC)
- Ethereum (ETH)
- Amp (AMP)
- Aave (AAVE)
- Alchemix (ALCX)
- Ankr Network (ANKR)
- Balancer (BAL)
- Bancor Network Token (BNT)
- BarnBridge (BOND)
- Basic Attention Token (BAT)
- Bitcoin Cash (BCH)
- ChainLink (LINK)
- Compound (COMP)
- Curve (CRV)
- Dai (DAI)
- Decentraland (MANA)
- Dogecoin (DOGE)
- Enjin Coin (ENJ)
- Fantom (FTM)
- Filecoin (FIL)
- Gemini Dollar (GUSD)
- Injective Protocol (INJ)
- Kyber Network (KNC)
- Litecoin (LTC)
- Livepeer (LPT)
- Loopring (LRC)
- Maker (MKR)
- Mirror Protocol (MIR)
- Orchid (OXT)
- PAX Gold (PAXG)
- Polygon (MATIC)
- Ren (REN)
- Skale (SKL)
- Somnium Space (CUBE)
- Storj (STORJ)
- SushiSwap (SUSHI)
- Synthetix (SNX)
- Tezos (XTZ)
- The Graph (GRT)
- The Sandbox (SAND)
- UMA (UMA)
- Uniswap (UNI)
- Yearn.Finance (YFI)
- Zcash (ZEC)
- 0x (ZRX)
- 1inch (1INCH)
