Cryptocurrency

Why Donate Cryptocurrency:

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 The Redwood Empire Food Bank.

Tax Benefits:

Donating cryptocurrency is a non-taxable event. Donors do not owe capital gains tax on the appreciated crypto that is donated and can typically deduct the fair market value of the donation on their taxes. This often makes Bitcoin, Ethereum, and other cryptocurrency donations one of the most tax-efficient ways to support your favorite cause. Talk to a crypto-savvy tax professional or connect with The Giving Block to get connected with one. If you want to learn more about how donating crypto can lower your taxes, check out thegivingblock.com/faq.

Donors Please Read - IMPORTANT:

All cryptocurrency donations are nonrefundable. We are not able to give refunds if you changed your mind, sent the wrong cryptocurrency, or made the wrong decision.

Please only send the exact cryptocurrency listed on the blockchain mentioned on the widget. Do not send any other cryptocurrencies (including layer 2, wrapped tokens, NFTs, or other ERC-20 tokens not listed) as these are unsupported and may result in loss of donation. For more info, read this.