BitGive — Launched in 2013 to help charities and nonprofits accept bitcoin donations, BitGive is one of the most established bitcoin giving-related organizations in the field. BitGive has also developed a platform called Givetrack, which leverages the decentralized accounting capabilities of blockchain to help charities and nonprofit organizations and projects track and report fundraising. It also helps donors understand the impact of their help. Learn More
The Giving Block — Founded in 2018 following the previous crypto bull market, The Giving Block provides the tools and technology for groups and projects to accept bitcoin donations. The company also creates information about bitcoin giving and related topics. Learn More
As mentioned earlier, donating bitcoin is fun and easy. It also has some significant financial advantages.
According to the virtual currency guidance from the IRS, which dictates how bitcoin is handled tax-wise, bitcoin donations to charities are not income-generating events. That means you do not have to pay capital gains taxes on the bitcoin you donate to a charity or nonprofit. Furthermore, you can take the fair-market value of your bitcoin donation as a deduction on your taxes.
Please note: This is not tax advice, you should consult a tax professional before making any large bitcoin donations.