If you own Bitcoin or another digital currency, chances are it is worth a lot more than what you paid for it. But did you know that you can use a cryptocurrency gift to World Vision to support vulnerable children and save on taxes?
Your Benefits
If you donate appreciated cryptocurrency that has been held longer than one year, you do not owe capital gains tax on the appreciated amount and can deduct it on your taxes. This makes Bitcoin, Ethereum and other cryptocurrency donations one of the most tax efficient ways to support a favorite cause like World Vision.
How It Works
World Vision has partnered with The Giving Block to accept cryptocurrency. Learn more about how donating crypto can lower your taxes at thegivingblock.com/faq. You can also consult with your financial planner to determine your tax benefits.
Please note that donations made through this link support World Vision’s entire mission and will not be designated to a specific campaign or location. Your gift will be used where it is needed most.
The IRS classifies cryptocurrencies as property, so cryptocurrency donations to 501(c)3 charities receive the same tax treatment as stocks. 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. Please contact your tax or financial advisor for more information.
