Did you know that we are one of the first Idaho nonprofits to accept cryptocurrency donations?
How your donation helps.
Giraffe Laugh believes in educational justice for all young children. 69% of Idaho’s children do not have access to quality, affordable child care and preschool which has landed Idaho one of the lowest rankings in education in the United States. The first five years determine how the next 80 will unfold therefore it is Giraffe Laugh’s aim to ensure school readiness for all children regardless of income, to empower parents whether they are 14 or 40, and to build strong futures through nutrition and experiences that help children thrive in the world.
Which Crypto Currency's Do You Accept?
We accept the following cryptocurrencies: Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Zcash (ZEC), Gemini Dollar (GUSD), Basic Attention Token (BAT), Chainlink (LINK), 0x (ZRX), Storj (STORJ), Dai (DAI), Amp (AMP), The Graph (GRT), UMA (UMA), 1inch (1INCH).
Is donating Crypto Tax Deductible?
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. This makes Bitcoin and other cryptocurrency donations one of the most tax efficient ways to support your favorite cause. If you want to learn more about how donating crypto can lower your taxes, check out thegivingblock.com/faq. Talk to a crypto-savvy tax professional or connect with The Giving Block to get connected with one.
Giraffe Laugh will accept forms of cryptocurrency that have an equivalent value in real currency or that acts as a substitute for real currency, also known as “convertible virtual currency”. Such forms of cryptocurrency are listed on an exchange and the exchange rate is established by market supply and demand. The fair market value of the virtual currency is determined by converting the virtual currency into U. S. dollars at the exchange rate in a reasonable manner that is consistently applied. Contributions of cryptocurrency will be treated as a contribution of Tangible Personal Property.
Contributions of Cryptocurrency must be converted to US Dollars as swiftly as is practicable. They may not be made in a completely anonymous manner although donors may request anonymity in publications and/or gift announcements. All gifts of cryptocurrency are considered irrevocable upon conversion to US Dollars and may not be refunded.