Donate Crypto

 

Our Mission

We inspire growth in all children by engaging families in learning through play.

Through your support, you can directly give the gift of play to children and families in our community who could not otherwise visit the Children’s Museum, engage in a field trip, or build a home library. Your dollars will directly contribute to the magic and lasting memories we work to create at CMoR every day. Please donate today to help us build brighter futures for the children of tomorrow.

Why Donate Crypto?

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%.

If you provide an email, you will automatically receive a tax receipt after donating.

Donating cryptocurrency is a non-taxable event, meaning you do not owe capital gains tax on the appreciated amount and can deduct it on your taxes. This makes Bitcoin and other cryptocurrency donations one of the most tax efficient ways to support your favorite cause. If you want to learn more about how donating crypto can lower your taxes, check out thegivingblock.com/faq. Talk to a crypto-savvy tax professional or connect with The Giving Block to get connected with one.