WHY CONSIDER A GIFT OF CRYPTOCURRENCY?
The IRS treats cryptocurrency as an asset like stock or bonds. This means if your cryptocurrency has appreciated since you bought it, you are liable for capital gains tax whenever you spend it.
By donating the securities instead of selling them, you avoid capital gains tax. A tax-exempt organization can sell the cryptocurrency without incurring any tax liability.
MAKE A GIFT OF CRYPTOCURRENCY
We have partnered with FreeWill to make cryptocurrency donations easy and affordable for our supporters. You can use this secure tool to make a gift in just a few minutes. More than 100 cryptocurrencies are accepted and there are no transaction fees!
Cryptocurrency donations are processed by the FreeWill Impact Fund, and the net proceeds are promptly sold and transferred to Sisters of Charity Health System in U.S. dollars. We do not maintain a reserve of cryptocurrency, therefore all crypto donations to Sisters of Charity Health System are final.