Why Give Cryptocurrency?
Making a gift of cryptocurrency to the Community Foundation is an easy way to create a meaningful, lasting impact in the Frederick County community. Thanks to our generous donors, The Community Foundation of Frederick County has more than 770 component funds that support grants to local nonprofits and scholarships for students pursuing a post-secondary education.
The Community Foundation accepts gifts of cryptocurrency through The Giving Block, and we quickly liquidate your gift, putting your generosity to work right away. Please reach out to Laura McCullough, Director of Philanthropic Services, at 301-695-7660, or [email protected], to discuss your wishes for your gift.
To make your cryptocurrency gift, please use the Giving Block widget. First you will select the type of crypto (Bitcoin, Ethereum, etc...) you would like to donate and the amount. Please let us know in the "Donation Notes" box how you would like this donation to be allocated, i.e. create a new fund, donate to an existing fund, or some other purpose. Then click on "Continue" at the bottom of the box to continue the transaction.
Save on your Taxes by Donating Crypto
Why Donate Crypto Directly? 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%.
If you provide an email, you will automatically receive a tax receipt after donating.
The Benefits Of Working With Us
- We are community focused, helping to bring about positive change in a wide variety of areas, with deep knowledge of Frederick County and its needs.
- Our professional staff is a powerhouse of charitable giving expertise.
- Your gift can continue to impact Frederick County for generations to come.
- You'll benefit from our 30+ years of experience and excellent reputation for trustworthiness, accountability, and transparency.
We're here to help bring your charitable intentions to life.
We can help create your legacy that will bring your charitable intentions to life. Rest assured that your wishes will be carried out exactly as you intend - your fund agreement will provide the specifics.
If you wish to remain anonymous, we are happy to honor that request.
What Are You Waiting For?