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Giving Crypto

Markets are down across the board, and that includes cryptocurrency. With this in mind, you may not be thinking about a Bitcoin or Ethereum donation today.

Markets are down across the board, and that includes cryptocurrency. With this in mind, you may not be thinking about a Bitcoin or Ethereum donation today. But what goes down must come up again—so now is the time to prepare for your future crypto gift and consider how you want that gift to change lives in Eastern Jackson County and beyond.  

Why donate crypto? Donating appreciated cryptocurrency is a tax-efficient way to give to your favorite charities. The IRS classifies cryptocurrency donations as property, so donated crypto would not be subject to capital gains tax and are tax-deductible. And because you must hold on to it for one year before donating it, a bear market is the perfect time to plan for your future donation.

Consider what kinds of missions you want to support. Is there a specific organization or event you wish to donate to, or are your interests more general, like higher education or racial equity? Or maybe you would prefer to contribute your crypto to your donor advised fund and manage your giving that way. Whatever route you choose for your philanthropy, you can feel good knowing your crypto donation will positively impact communities throughout the region.

Truman Heartland Community Foundation uses The Giving Block to process cryptocurrency donations. Your cryptocurrency donation can be made to any THCF fund (including your own Donor Advised Funds) or in support of the Truman Heartland Foundation Fan Club, Sustainability Fund, or other community-based initiatives. Visit our website to learn more about how and why you might want to donate your crypto. 



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