The LWVFL Accepts Crypto Currency Donations:
What you need to know.
Your cryptocurrency donation is tax-deductible and supports our efforts to empower voters and defend democracy. The LWVFL Education Fund supports our efforts to register voters, provide voter education, voting guides and more.
Why donate Cyrpto to the League of Women Voters of Florida?
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%.
This makes Bitcoin and other cryptocurrency donations one of the most tax-efficient ways to support your favorite cause. You can donate Bitcoin, Ethereum, ChainLink, Litecoin, and more.
Cryptocurrency donations are powered by our trusted partner, The Giving Block. Click here for a complete guide to donating crypto to non-profits, including how donors navigate crypto donation platforms, protect their privacy and maximize the impact of the gifts they make in support of crypto ready non-profits.
