Gifts of Cryptocurrency
Why Give Cryptocurrency?
Donating appreciated cryptocurrency directly to charity may provide greater tax advantages than selling the asset and contributing cash proceeds. Depending on the structure of the gift, donors may be able to avoid capital gains taxes while supporting long-term charitable goals.
Potential Benefits of Donating Cryptocurrency:
- Bypass gains on donated units
- Receive an income tax deduction for the value of the donation
- Maximize your charitable impact with a tax-free sale.
This type of charitable gift requires a level of expertise and administration that smaller community foundations and traditional financial institutions are typically not equipped to provide. Community Foundation Tampa Bay’s experience, scale, and specialized staff position us to help donors contribute a wide range of assets, including complex or nontraditional holdings such as cryptocurrency, through customized strategies designed to maximize both charitable impact and donor goals.
How It Works
- Start the Conversation
Talk with our team about the types of cryptocurrencies accepted at Community Foundation Tampa Bay.
- Create a Plan
We’ll work with you and your advisors to create a giving plan that achieves your philanthropic goals.
- Complete the Gift
Transfer your cryptocurrency to a fund at Community Foundation Tampa Bay that benefits multiple charities that are important to you.
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Ask Max
Our AI charitable planning assistant can help you compare gift options, understand potential benefits, and answer common questions as you consider the best way to support the causes you care about.
- Secure, expert-informed guidance to support your charitable planning
- Quick answers to common charitable giving and estate planning questions
- Interactive gift comparison tools to help you evaluate your options
Chat with Max™ now or connect with a member of our team below to start the conversation and learn more.
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