WHY DONATE CRYPTO?
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 Maui Humane Society. 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 via our widget.
WHAT ARE THE TAX BENEFITS OF DONATING CRYPTO?
When you donate crypto to a nonprofit, you receive a tax deduction for the value of the crypto, and avoid the capital gains tax you would have paid if you sold the crypto before donating. This means donating crypto translates into a larger donation and a higher deduction. Check out the IRS Crypto FAQ or Crypto Tax Survival Guide for more info.
HOW DO I DONATE CRYPTO TO MAUI HUMANE SOCIETY?
We use the platform ‘The Giving Block’ to process our cryptocurrency donations. All donations can be made through the widget above. Complete the widget info and our wallet address will be generated for your donation.
Alternatively, if you want to donate directly from your wallet to our account, let us know and we’ll share our public key or send a QR code as a picture. Contact Jenny Miller at jmiller@mauihumanesociety or text 808-426-0124 for this information.
CAN I DONATE ANONYMOUSLY AND STILL GET A TAX RECEIPT?
Yes, if using our widget (via The Giving Block). You have the option to only provide an email address in order to receive an automatic tax receipt.
WHICH CRYPTOCURRENCIES DO YOU ACCEPT?
While the majority of donations are Bitcoin or Ethereum, we accept many other cryptocurrencies. The list is always growing, just check the dropdown box “other crypto options” on the widget above.
HOW CAN AN NFT SUPPORT MAUI HUMANE SOCIETY?
If you run an NFT project and want to support our animals, please get in touch! The most efficient way for NFT creators to give to MHS is to auction off NFTs and donate the proceeds directly to Maui Humane Society.
Can cryptocurrency charity projects such as charity tokens or coins support Maui Humane Society?
Yes, our donation widget makes it easy for cryptocurrency charity projects to donate directly to Maui Humane Society. Projects can make a donation and will receive a receipt by email that will verify that the donation was made to a wallet that is controlled by Maui Humane Society.
Need more assistance: Jenny Miller jmiller@mauihumanesociety.org 808-877-3680 ext. 218
