An easy, tax-efficient way to give
There’s a new way to help animals! Animal Equality accepts contributions of Bitcoin, Ethereum, and other forms of cryptocurrencies.
If you’re interested in donating any amount to Animal Equality, instead of selling your preferred crypto and donating the proceeds, you should consider donating it directly: it’s more tax-efficient and can save you money.
Your cryptocurrency donation is tax-deductible! The IRS classifies cryptocurrency donations as property, which means it is usually the most tax-efficient way to support your favorite nonprofit organization. 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 it first and then used the money to make a donation. That means you’re able to donate more, as well as deduct more on your tax return.
You also have the option to donate anonymously. Only an email address is needed if you would like a tax receipt.